- Cardano broke a key supply zone, confirming our previous analysis. Now, new levels are in play
- Two crucial zones to watch: a demand area below for potential support and a supply zone above that could act as resistance
- The longer the accumulation, the bigger the move. ADA’s next breakout could be explosive—patience is key!
In our last Cardano analysis, we anticipated that ADA would break through a supply zone.
And that’s exactly what happened. Now, the question is: what’s next for Cardano?
Understanding Supply and Demand: What Holds and What Fails?
Yesterday, I mentioned:
“This supply isn’t extreme and still has liquidity above. So, I don’t think it will hold for long.”
And as expected, the supply zone was taken out.
Why? Because we favor supply and demand zones that have already grabbed liquidity, making them stronger levels for reversals.
Right now, I’m watching two crucial zones:
- The demand zone below – If ADA reacts here, we could see a move higher to collect liquidity.
- The supply zone above – A key area to watch for either rejection or continuation.
Cardano Price Prediction: What’s the Next Move?
From a technical perspective, the price could go either way, depending on how it reacts to these levels. Remember, nothing in trading is 100% certain.
However, we do know that the longer price consolidates, the bigger the breakout will be—like a compressed spring waiting to snap.
Will ADA take liquidity above, or will we see a dip into demand first? Keep an eye on these zones in the coming sessions!
Final Thoughts
Markets are unpredictable, and Cardano is no exception. The best we can do is analyze the data, identify high-probability scenarios, and react accordingly.
Stay sharp, watch these key levels, and wait for confirmations before jumping in.
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Disclaimer: The information provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more
