Cardano

bullish

Bitcoin

<p>As one of the large-cap crypto assets with a lot of followers, Cardano has been one to watch during the recent bull market.</p>
<p>However, there might be much more upside for ADA in the coming months.</p>
<p>By <a href="https://crypoptionhub.com/authors/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Edris Derakhshi (TradingRage)</a></p>
<h2 id="the-usdt-paired-chart">The USDT Paired Chart</h2>
<p>Cardano’s price has been consolidating inside a large falling wedge pattern on the USDT paired chart since it failed to break above the $1.2 resistance level in early December.</p>
<p>The market has been trying to rise higher in recent days but has failed to stay above the higher boundary of the pattern. Yet, as long as the $0.8 support level is intact, a bullish breakout and continuation could be expected.<a href="https://cryptopotato.com/wp-content/uploads/2025/01/ADAUSDT-Daily-Jan-21-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h2 id="the-btc-paired-chart">The BTC Paired Chart</h2>
<p>Looking at the ADA/BTC chart, the price has behaved similarly to that of ADA/USDT. Yet, during the last few days, ADA has been dropping against BTC and is currently testing the 900 SAT support level.</p>
<p>If this level is broken down to the downside, the 200-day moving average, located around the 750 SAT mark, could be the next target. In this case, Bitcoin will likely outperform Cardano in the coming weeks.<a href="https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-379726" src="https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-scaled.jpg" alt="" width="2560" height="1372" srcset="https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-300x161.jpg 300w, https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-1024x549.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-768x411.jpg 768w, https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-1536x823.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-2048x1097.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2025/01/ADABTC-Daily-Jan-21-2024-50x27.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a></p>
<p>The post <a href="https://cryptopotato.com/cardano-price-analysis-adas-bull-run-hinges-on-holding-this-key-support/" rel="noopener noreferrer nofollow">Cardano Price Analysis: ADA’s Bull Run Hinges on Holding This Key Support</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Cardano Price Analysis: ADA’s Bull Run Hinges on Holding This Key Support

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