What Would It Take for ADA to Break Past $1? Chart Decoded
The post What Would It Take for ADA to Break Past $1? Chart Decoded appeared on BitcoinEthereumNews.com.
Cardano analysts eye critical levels: Gambardello sees bullish fractal repeating Martinez warns ADA must hold ~$0.6347 (Fib 0.5) support to avoid drop to ~$0.53 Carter notes broadening wedge volatility; breakdown risks $0.59, rebound eyes $1 Cardano (ADA) is drawing analyst attention as it trades near $0.656, struggling below key resistance after multiple rejections from the $0.70–$0.75 zone. While one analyst sees bullish long-term potential based on historical patterns, others highlight critical near-term support levels that must hold. Gambardello Sees Bullish Fractal Repeating Last Cycle Market analyst Dan Gambardello expressed bullishness, suggesting ADA’s current chart pattern mirrors the last cycle before significant gains. He views Cardano as a “blue-chip contender,” alongside XRP, expecting it to eventually overcome recent challenges and surprise critics. Cardano is priming itself for all time high and beyond. This is playing out exactly like last cycle. Go ahead and tell me that it’s not going to happen. I’ve been here before.$ADA is the best positioned bluechip next to $XRP and will once again shock all the naysayers. — Dan Gambardello (@cryptorecruitr) April 4, 2025 Related: Cardano (ADA) Price This Weekend: Stuck in a Range, What to Expect Martinez: $0.6347 Fibonacci Level is ‘Make-or-Break’ Analyst Ali Martinez focused on nearer-term risk, pointing to the 0.5 Fibonacci retracement level around $0.6347 as critical support. Source: X He warned that a daily close below this “make-or-break point” could signal significant weakness, potentially driving ADA down towards the 0.618 Fib level at $0.5331, continuing the bearish trend from the $1.3290 peak. Carter Notes Broadening Wedge, Volatility Risk Analyst Jonathan Carter highlighted ADA trading within a broadening wedge pattern since December 2024, a formation often preceding increased volatility. #ADA Cardano failed to stay above the previous support at $0.65 and is now heading towards the main support zone at $0.59 on the…
Filed under: News - @ April 5, 2025 10:22 am