Cardano recently initiated a strong upward rally, reclaiming its yearly high of $0.8 and advancing to the critical $1.3 resistance zone.<\/p>\n
However, the market is expected to enter a consolidation phase, with price fluctuations between the $0.8 and $1.3 range.<\/p>\n
By Shayan<\/a><\/p>\n Cardano has recently experienced a surge in buying pressure, rallying from the critical $0.3 support zone. This bullish momentum enabled ADA to reclaim its prior yearly high of $0.8 and reach the significant $1.3 resistance level. However, the $1.3 threshold remains a decisive barrier, with sellers exerting considerable influence, leading to a recent rejection.<\/p>\n In the mid-term, ADA will likely undergo a retracement phase, potentially returning to the broken $0.8 level before resuming its upward trajectory. A successful rebound from this support could set the stage for a renewed rally, targeting the crucial $2 resistance zone and signaling the continuation of a long-term bullish trend.<\/a><\/p>\n On the 4-hour chart, Cardano\u2019s bullish momentum has waned after encountering resistance at the $1.3 level, highlighting significant selling activity. This led to heightened volatility and sideways consolidation around this critical zone.<\/p>\n During this consolidation phase, a bearish reversal pattern for the head and shoulders formed, with the price now teetering near the pattern\u2019s neckline. A confirmed breakout below this neckline could trigger a short-term correction, with the asset potentially retracing to the 0.5 ($0.82)\u20130.618 ($0.7) Fibonacci levels.<\/p>\n This corrective move could allow buyers to re-enter the market, potentially fueling the next rally aimed at reclaiming the $1.3 resistance and setting the stage for further upward momentum.<\/a><\/p>\n The post Cardano Price Analysis: What Is Next for ADA After 7% Daily Drop to Below $1?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Cardano recently initiated a strong upward rally, reclaiming its yearly high of $0.8 and advancing to the critical $1.3 resistance zone. However, the market is expected to enter a consolidation phase, with price fluctuations between the $0.8 and $1.3 range. Technical Analysis By Shayan The Weekly Chart Cardano has recently experienced a surge in buying […]<\/p>\n","protected":false},"author":0,"featured_media":29695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29694"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29694"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29695"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Weekly Chart<\/h3>\n
The 4-Hour Chart<\/h3>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nOn the 4-hour chart, Cardano\u2019s bullish momentum has waned after encountering resistance at the $1.3 level, highlighting significant selling activity. This led to heightened volatility and sideways consolidation around this critical zone.<\/p>\nDuring this consolidation phase, a bearish reversal pattern for the head and shoulders formed, with the price now teetering near the pattern\u2019s neckline. A confirmed breakout below this neckline could trigger a short-term correction, with the asset potentially retracing to the 0.5 ($0.82)\u20130.618 ($0.7) Fibonacci levels.<\/p>\nThis corrective move could allow buyers to re-enter the market, potentially fueling the next rally aimed at reclaiming the $1.3 resistance and setting the stage for further upward momentum.<\/a><\/p>\nThe post Cardano Price Analysis: What Is Next for ADA After 7% Daily Drop to Below $1?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Cardano recently initiated a strong upward rally, reclaiming its yearly high of $0.8 and advancing to the critical $1.3 resistance zone. However, the market is expected to enter a consolidation phase, with price fluctuations between the $0.8 and $1.3 range. Technical Analysis By Shayan The Weekly Chart Cardano has recently experienced a surge in buying […]<\/p>\n","protected":false},"author":0,"featured_media":29695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29694"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29694"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29695"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/ADA-W-scaled.jpg\"){kind=link}
![<\/a><\/p>\nThe post Cardano Price Analysis: What Is Next for ADA After 7% Daily Drop to Below $1?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Cardano recently initiated a strong upward rally, reclaiming its yearly high of $0.8 and advancing to the critical $1.3 resistance zone. However, the market is expected to enter a consolidation phase, with price fluctuations between the $0.8 and $1.3 range. Technical Analysis By Shayan The Weekly Chart Cardano has recently experienced a surge in buying […]<\/p>\n","protected":false},"author":0,"featured_media":29695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29694"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29694"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29695"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/ADA-4H-scaled.jpg\"){kind=link}