Saturday, August 9, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Cardano (ADA) Poised for Bullish Reversal as Analysts Eye $1.00 Target

Jonathan Carls by Jonathan Carls
February 7, 2025
in Binance Feed, Market
Reading Time: 4 mins read
Cardano (ADA) Poised for Bullish Reversal as Analysts Eye $1.00 Target
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Cardano’s 60% correction may set up a bullish reversal above the $1.00 target.
  • ADA’s Fibonacci levels and Elliott Wave suggest a strong rebound is forming.
  • RSI near oversold, while MACD hints at a potential trend reversal ahead.

Cardano (ADA) has experienced a sharp decline, shedding over 60% from its peak. According to BullishBanter, a crypto analyst, Cardano (ADA) is setting up for a bullish reversal, with strong signals emerging from a critical demand zone. 

Analysts are targeting a midterm price level above $1.00, with invalidation levels placed below recent lows. Following a significant 60% correction, Master Ananda remains confident that ADA has the potential for a strong revival. Despite the sharp decline, the formation of a higher low during the correction strengthens the argument for another growth cycle.

Related articles

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

August 2, 2025

$ADA setting up for a solid bullish reversal

Looking for bullish price action signals at this demand zone
Targeting $1.00+ midterm, invalidation below recent lows https://t.co/DaOcunWDJy pic.twitter.com/uf6T9oEEjS

— BullishBanter (@bullishbanter01) February 7, 2025

Cardano Consolidates After Price Drop

Cardano recently hit an all-time high of $0.30 on December 3, 2024, before pulling back significantly. The price is now in a consolidation phase, with many viewing the correction as an opportunity for late entrants. Analysts believe that the worst of the decline is over, and the market is preparing for a brief consolidation before resuming its upward movement.

A key technical factor in ADA’s price action is the Fibonacci retracement levels. The correction briefly dipped below the 0.786 level but closed above the more favorable 0.618 level, suggesting strong support. This structure indicates the potential for a bullish resurgence, aligning with technical indicators pointing towards renewed momentum.

#Altcoins | #Cardano #ADA #ADAUSDT
☑️ A True Flush. Cardano In Elliott Wave Terms

Cardano's correction exceeds 60%. This pair went through a really major flush, yet, we still have a very strong higher low.

A major crash such as we witnessed just now is not all bad news.… pic.twitter.com/FQ45gwfoAX

— Master Ananda (@lamatrades1111) February 6, 2025

Elliott Wave Theory Supports Bullish Outlook

Master Ananda applied Elliott Wave Theory to assess ADA’s market structure. He explained that the ongoing correction follows a classic ABC pattern, where Wave 2 is a larger-degree correction following Wave 1, which was an upward five-wave impulse. This formation typically precedes a strong continuation move in the same direction as the previous impulse, reinforcing a bullish outlook.

Market Indicators Show Mixed Signals

Despite the bullish outlook, Cardano’s derivatives market presents a mixed picture. As per Coinglass data, Trading volume surged 15.62% to $1.31 billion, indicating heightened market activity. 

However, open interest dropped 5.98% to $637.85 million, reflecting a decline in market participation. Additionally, options volume plunged 92.94% to $6.59K, while options open interest saw a minor 0.27% dip to $374.92K.

RSI and MACD Hint at a Potential Reversal

ADA/USD daily price chart, Source: TradingView

As of press time trading at $0.726853, the Relative Strength Index (RSI) is currently at 30.22, nearing the oversold territory. If buying pressure increases, ADA could see upward momentum. However, failure to surpass 38.35 suggests weak bullish strength.

The Moving Average Convergence Divergence (MACD) remains bearish, with both the MACD line (-0.0676) and Signal line (-0.0419) below zero. However, the histogram indicates weakening bearish momentum, which could signal a trend reversal soon.

Tags: Cardano (ADA) NewsPrice Analysis

Related Posts

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%

by Munene Timothy
August 4, 2025

Pump.fun's token supply lags at 21.43% of LetsBONK’s, pushing its market share down to 22.2% amid changing user preference. LetsBONK...

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup

XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?

by Munene Timothy
August 2, 2025

XRP trades above key $2.95 support with bearish MACD and neutral RSI; price action suggests short term consolidation. Price remains...

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback

by Veronicah Peninah
August 2, 2025

ETH currently trades at $3,489.96, with recent price action forming a discount zone of 10%–30% from local highs. Ethereum’s price...

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets

by Irene Mukiri
August 2, 2025

SEC’s Project Crypto aims to modernize outdated rules for blockchain innovation U.S. positions itself to lead global digital finance with...

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

by Jonathan Carls
August 2, 2025

Thin liquidity enables massive XRP price jumps with minimal capital inflows Market cap multipliers reveal how $10B could drive XRP...

Load More

Recent News

  • Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
  • XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
  • Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
  • Paul Atkins Unveils Project Crypto to Reinvent U.S. Capital Markets
  • XRP Market Cap Model Suggests $10B in Buy Orders Could Skyrocket Price to $90

Popular News

  • KEKIUS Price Prediction for June 2025 Signs of Weak Momentum and Accumulation Battle

    KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    204 shares
    Share 82 Tweet 51
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    202 shares
    Share 81 Tweet 51
  • SUI Price Breakout or Fakeout? What Chart Patterns Are Saying

    201 shares
    Share 80 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    202 shares
    Share 81 Tweet 51
  • SEC Approves Nasdaq Crypto Index Update to Include SOL, ADA, XLM, and XRP

    202 shares
    Share 81 Tweet 51

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
Pump.fun Circulating Supply Drops to Just 21.43% of LetsBONK, Market Share Shrinks to 22.2%
August 4, 2025
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup
XRP Price Prediction for Aug 3 — Will $2.95 Hold or Break in This Pivotal Setup?
August 2, 2025
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
Ethereum Dips Below $3,500 as Key Support Holds — Market Eyes Discount Window Amid Wider Crypto Pullback
August 2, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact