bullish

Rally

Shift

Momentum

Gains

<p>An analysis by Nick Reagan provides insights into <a href="https://captainaltcoin.com/cardano-ada-indicators-point-to-next-big-move-amid-surge-in-whale-activity/" target="_blank">Cardano’s (ADA) potential price movement</a>. The technical breakdown suggests a bullish reversal may be underway, driven by a breakthrough in its price structure.&nbsp;</p> 
<p>Reagan highlights key indicators pointing toward a potential rally soon but with caution for short-term corrections.</p> 
<h3 class="wp-block-heading" id="strong-breakthrough-signals-a-shift-in-trend-strong"><strong>Breakthrough Signals a Shift in Trend</strong></h3> 
<p>Reagan’s analysis focuses on ADA’s recent price movement, marking the break of a key resistance level at $0.3658. This breakthrough ended an irregular flat correction, a signal of potential upward momentum.&nbsp;</p> 
<p>According to Reagan, the confirmation of this pattern suggests that <a href="https://watcher.guru/news/cardano-ada-rallies-9-can-it-hit-0-50-this-week" target="_blank" rel="nofollow">ADA may be entering a bullish phase</a>. The Elliott Wave Theory plays a role in this analysis, with the chart showing a completed three-wave structure.&nbsp;</p> 
<p>Reagan projects that ADA could target price levels between $0.3734 and $0.3854, based on Fibonacci retracement levels. However, he notes the possibility of short-term pullbacks due to current momentum indicators showing overbought conditions.</p> 
<h3 class="wp-block-heading" id="strong-momentum-indicators-and-short-term-outlook-strong"><strong>Momentum Indicators and Short-Term Outlook</strong></h3> 
<p>The momentum behind <a href="https://www.coingecko.com/en/coins/cardano" target="_blank" rel="nofollow">ADA’s price</a> movement has interested many traders. Reagan observes that while ADA has seen an increase in volume during its recent upward movement, momentum indicators are signaling potential exhaustion.&nbsp;</p> 
<p>Time frames such as the 4-hour and 8-hour charts show overbought conditions, raising the likelihood of a short-term price correction.</p> 
<p>Despite this, Reagan remains optimistic about the longer-term trajectory of ADA. He identifies key accumulation zones between $0.2903 and $0.3437, suggesting that investors may find buying opportunities if ADA retraces to these levels.</p>  
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/celestia-tia-price-pumps-but-traders-point-to-warning-signals/" target="_blank"><strong><em>Celestia (TIA) Price Pumps, But Traders Point to Warning Signals</em></strong><br></a></p> 
<h3 class="wp-block-heading" id="strong-resistance-at-ema-and-sma-levels-strong"><strong>Resistance at EMA and SMA Levels</strong></h3> 
<p>Cardano’s battle with resistance at the 50-day EMA and SMA levels is another factor to consider. Reagan notes that while ADA faces challenges at these levels, the 200-day EMA remains intact, indicating strong long-term support.&nbsp;</p> 
<p>This resistance, coupled with declining volume, adds to the expectation of short-term pullbacks before further upward momentum. Looking ahead, Reagan projects that ADA could see price increases by 2025, potentially reaching between $5 to $122.&nbsp;</p> 
<p>However, a larger correction is anticipated before these levels can be achieved. Reagan also discusses market sentiment, noting that bearish narratives around <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank">Cardano</a> as a “ghost chain” might cause retail investors to miss out on current accumulation opportunities.</p> 
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<p>The post <a href="https://captainaltcoin.com/analyst-spots-pattern-signaling-cardanos-resurgence-ada-price-could-be-set-for-rally/">Analyst Spots Pattern Signaling Cardano’s Resurgence: ADA Price Could Be Set For Rally</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Analyst Spots Pattern Signaling Cardano’s Resurgence: ADA Price Could Be Set For Rally

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