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Cardano (ADA) is caught up in large scale volatility and extreme price fluctuations, making it one of the most unpredictable assets in the crypto market. Following the announcement by President Donald Trump of the US strategic crypto sanctuary, including Cardano, ADA prices skyrocketed by more than 80% in less than a day, driving speculation about their long-term role in institutional adoption.
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But the excitement was short-lived. The excitement was short-lived as macroeconomic sentiment and fears surrounding the world trade war caused a sharp decline of 35% within just two days. As uncertainty grasps financial markets, traders will remain cautious about whether ADA can regain momentum or whether there are more drawbacks.
Despite the recent sales, top analyst Ali Martinez shares a technical analysis, suggesting that Cardano remains in a potential surge towards $10. His insights show that the Bulls must regain a critical skill level for a strong recovery.
Once Cardano's price action takes place at a critical point, the next few days will be important in determining the next move. If the Bulls can stabilize the ADA on top of key support, another explosive gathering remains on the table.
Cardano was able to start a massive move
Cardano (ADA) has been over-performing compared to the broader crypto market over the past week, showing relative strength despite ongoing volatility. However, price action remains limited within the range that first began to form in November 2024, preventing clear breakouts in either direction.
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If the Bulls are able to hold their current levels, the ADA can quickly try to push past the multi-year high and set the stage for a critical move. However, analysts are cautious as prices are still low, and investors' sentiments remain horrifying amidst the uncertainty of the macroeconomic and trade war tensions. Many traders are waiting for a breakout confirmation as momentum has not completely changed in favor of the bull.
Martinez's technical analysis of X reveals that Cardano is still located due to a potential surge to $10. For this bullish scenario to unfold, ADA will need to successfully break through the $1.20 resistance level while maintaining support above $0.80. These price ranges serve as important pivot zones, and their validation or impairment could determine Cardano's short-term trends.
The next trading session is very important. A break above $1.20 can lead to even more downside risk if you can't exceed $0.80. With the ADA at a pivotal moment right now, traders are closely monitoring price action to measure whether the Bulls can regain control and whether continuous integration is ahead.
Price Action Details: Technical Analysis
Cardano (ADA) is currently trading at $0.80 after not holding above the key $1 level. Despite recent strong performance compared to the wider market, the ADA has struggled to maintain its bullish momentum, leaving traders uncertain about their next move.
For the Bulls to regain control, the ADA will need to regain the $1 mark and above the critical $1.17 resistance level. Holding a break above this zone can cause large gatherings and could send Cardano to multi-year highs. Such a move will update interest on buys and inform you that it will increase trust among investors and traders looking at the long-term potential of the ADA.
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However, if you fail to hold that the support level of $0.80 is important beyond $1, Cardano could be exposed to further downside risk. A breakdown below $0.80 could send ADA to a lower demand zone, extending the integration phase and slowing down a significant recovery.
Dall-E special images, TradingView chart
