A Buy Signal Emerges for Cardano
According to crypto analyst Ali Martinez, the Cardano (ADA) price is currently displaying a technical pattern very similar to those observed before previous significant bullish phases.
Cardano is holding steady around $0.80, a level that has often served as a springboard in the past. The big question now is whether it will manage to break through the symbolic $1 barrier. This psychological threshold also coincides with a critical Fibonacci point, the 0.618 level. In previous bull markets, this level often marked the beginning of a price explosion phase.
If ADA manages to establish itself firmly above $1, the next price targets are already well defined: $1.70, $2.90 and even a return to the all-time high of $3.10. But the real fireworks would only begin from there. In the case of a complete breakthrough of this zone, Fibonacci extensions suggest potential peaks at $4.72 and even $6 – representing more than 550% from current levels!
As analyst Ali emphasizes: “Cardano $ADA topped at the 1.272 Fib last cycle. Similar price action now points to a $3-$6 range for this cycle!”
A Solid Bullish Momentum for ADA
At the time of writing, Cardano’s price is oscillating around $0.89. That’s slightly lower than the previous day, but still 3% higher than last week.
What’s remarkable is that ADA is maintaining itself well above its 200-day and 100-day moving averages. This is a classic signal of a healthy bullish trend. Additionally, the short-term moving average is now clearly above the long-term moving average – a precursor indicator of further gains.
Moreover, the Relative Strength Index (RSI) stands at 51.53, a neutral position. No crazy spikes, no extreme drops. Exactly the kind of stability that creates room for the next stage.
In the shorter term, ADA has a trendline to liquidate above $0.93 if the price maintains current levels. However, the resistance at $0.99 might still hold in the coming days.
Of course, Cardano remains dependent on the general crypto market dynamics. But from a technical standpoint, ADA seems to have laid solid foundations for a new leap forward.
Should You Invest Now?
If history repeats itself, Cardano (ADA) could experience a progression of 260% or more in the coming months. The technical signals are very encouraging and potentially herald a major new bullish cycle for this cryptocurrency.
With a price above its long-term MAs and a bullish RSI, ADA is an altcoin to watch in the coming months. Here’s how to buy it on Zoomex with an optimized strategy:
- Secure registration: Create an account on Zoomex with an email and a strong password. Complete KYC verification (ID document) to activate deposits and withdrawals.
- Fund your wallet: Log in, access the “Wallet” section and deposit funds via credit card (Visa/Mastercard), SEPA transfer, or cryptocurrencies (USDT/BTC). Fees <1%, instant for crypto.
- Choose the ADA/USDT pair: In the trading interface, select the Spot market and search for ADA/USDT. Check the order book to confirm solid liquidity (volumes >$1 billion).
- Place your buy order: Opt for a market order for immediate purchase (~$0.89) or a limit order at the $0.80 support for a better entry point. Allocate 5-10% of your portfolio.
- Validation and execution: Verify the details (fees ~0.1%) and confirm. Your ADA will appear in your Zoomex wallet.
Investment strategy and profit-taking zones
- Entry point: Buy at $0.80 (key support), or post-breakout of $1 for momentum.
- Profit taking:
- Short term: $1 (+12%). Psychological threshold; sell 30-40%.
- Medium term: $1.70 (+91%). Martinez target; sell 30-40%.
- Long term: $3.10 (+248%). ATH retest; keep 20-30%.
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