Cardano Remains In Consolidation – Expert Projects 25% Price Move | Global News Avenue

Friday experienced a turbulent Friday, with Cardano trading above key demand levels. The market has had a huge reaction to the news of Bybit’s $1.4 billion hack, which has caused widespread fear and uncertainty. Prices in cryptocurrency markets, including Cardano, fell from local highs, testing key support levels. Ada fell more than 7% on Friday as panic-driven sales received Friday, but the market stabilized as Bybit’s response assured investors.

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Despite short-term volatility, analysts remain optimistic about the next move of the ADA. Top analyst Ali Martinez shared a technical analysis on X that shows Cardano is still in the merger phase and is setting up for a potential 25% price transfer. Historically, the consolidation of key demand levels has led to a strong breakthrough and may take action if the ADA maintains its current scope higher than its current support.

Investors are paying close attention to price action as ADA continues to trade within a tight range. if Bullish momentum is establisheda breakthrough could lead Cardano to a higher supply zone, confirming a new uptrend. However, if market sentiment weakens, a lower level of demand may be reviewed more deeply. The next few days will be crucial to identifying Cardano’s short-term direction.

Cardano holds key demand for uncertainty

Amid recent uncertainty and fears caused by Bybit’s hackers, Cardano has higher demand levels than key demand levels. The event rocked the market and created a wave of sales pressure to raise most altcoins, including ADA, to low demand levels. Extreme sales pressures that began in late December remained a concern for investors as volatility continued to dominate price action. Nevertheless, the ADA managed to keep its position above the height of the critical support zone, thus facilitating speculation about possible recovery.

As Ada struggles to recoup critical supply levels, the Bulls are becoming more cautious. Many investors still hope that the current merger phase will lead to a breakthrough. Martinez’s analysis of X Indicates that Cardano is still in a merged state and may be set for a potential 25% price transfer. Historically, the extended merger period at the main support level has led to explosive gatherings, and the current positioning of the ADA may indicate that the major move is coming.

If Cardano successfully retracts critical supply levels and pushes up the above resistance zone, a large-scale recovery rally can then be conducted, pushing the price to multiple month highs. However, the loss of its current demand zone could trigger significant corrections, further expanding the downward trend of ADA. The next few days are crucial to determine the direction of Cardano price action.

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ADA prepares for mobile

Cardano (ADA) trades at $0.76 after failing to recover $0.82 for the second time. Prices have been struggling to gain momentum, with sales pressures putting it below key resistance levels. The Bulls need to push $0.82 higher and use it as support to build a base for higher prices. If the ADA successfully retracts this level, the next key target is $0.85, which is consistent with the 4-hour 200 moving average, a key indicator of short-term strength and momentum.

To enable the ADA to confirm a bullish recovery, buyers must defend the $0.73 level in the coming days. Staying above this level will show strength and allow the price to establish a foundation for potential gatherings. However, if Cardano fails to hold a selling price above $0.73, there may be further downsides and may drop to areas with lower demand.

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As the ADA continues to trade within a tight range, investors remain cautious, and breakthroughs in both directions can lay the foundation for the next major action. A powerful recovery rally can be conducted if the Bulls manage to recover critical resistance levels. However, failure to surpass resistance can leave ADA trapped in consolidation for a long time.