Cardano (ADA) is approaching a critical support level around $0.51, which could decide the next major direction.
1 extracted signal · 1 resolved · 0 still active
More Crypto Online11 Sept 2025, 18:39 UTC
AI-generated source summary
The analysis focuses on ADA/USD, tracking an ABC structure to the upside in wave three on the 1-hour chart. The move is a three-wave move so far, and a B-wave pullback might start soon, with 0.808 to 0.858 acting as the first support zone to watch. ADA tried to break above the signal line at 0.88, but is back below it. Since the move down is also in three waves, a B-wave may be starting. Standard resistance for the B wave is located around the 61.8% retracement level at 0.889, and the 78.6% retracement level at 0.92. The analysis suggests the orange scenario is less probable if the price breaks 0.92, shifting probabilities toward the white count. As long as pullbacks remain corrective and ADA holds above 0.808, the white scenario remains the primary view. Key pivots for the bulls are 0.889 to 0.92, with a subsequent target of 0.96 and then the yellow trend line. The overall bullish thesis remains intact, but focus is on the micro support for now.
AI-generated summary based on the source content.
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