Currently, Cardano shows an interesting technical picture. The 1-2 setup remains valid as long as the price does not fall below the $0.328 mark – that would invalidate it. A breakout above $0.404 will be crucial, as it would signal that a bottom has indeed been formed. At the moment, ADA is working its way up from the 78.6% retracement level. For traders, this means: the next movements should be observed here.
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MEVHunterX
· 10h ago
0.404 That threshold needs to be watched carefully; only when it's broken does it count.
ADA's recent momentum is quite interesting; can it hold at 78.6%?
Feels like we need to wait; it's too early to draw conclusions now.
0.328 Don't break it, or all the effort will be wasted.
Is this really the bottom or just another fakeout? Let's wait and see.
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gaslight_gasfeez
· 11h ago
As long as this 0.328 level isn't broken, there's still hope, but to be honest, this move with ADA is a bit boring.
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OnchainHolmes
· 11h ago
0.404 feels like a level that needs to be tested repeatedly. ADA needs to break through to confirm the bottom.
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GateUser-7b078580
· 11h ago
Wait a bit longer, this data shows that ADA hasn't reached its true bottom yet. Only when it breaks below 0.328 does it count; according to hourly statistics, it's still oscillating. However, at the 78.6% level, a pattern has been observed... be patient and wait.
Currently, Cardano shows an interesting technical picture. The 1-2 setup remains valid as long as the price does not fall below the $0.328 mark – that would invalidate it. A breakout above $0.404 will be crucial, as it would signal that a bottom has indeed been formed. At the moment, ADA is working its way up from the 78.6% retracement level. For traders, this means: the next movements should be observed here.