A significant liquidity pool at $1.0 for ADA cryptocurrency suggests it could experience a slide before potentially rising to $1.50. Technical analysis shows an ascending triangle pattern, indicating a bullish trend that could validate ADA's rise if the current market sentiment remains positive. The potential upside swing could reach $1.45, offering a 25% increase. However, a drop below the triangle would invalidate this projection and could lead to a retraction to the $0.90 support level.
A considerable liquidity pool at $1.0 suggested ADA could slide before pumpinghas been cooling off. However, it could still soar towards $1.5.
The technical chart indicators, CMF and OBV , were above average levels at press time, indicating that ADA bull still had a shot at eyeing $1.5. However, when zoomed out on the weekly charts, ADA seemed to be back in the price range seen in 2021. If the pattern repeats itself, a $1.5 range-high could be reachable within the next few days or weeks.Based on the liquidation maps, there may be still considerable long-leveraged positions around $1 .
ADA Cryptocurrency Bullish Pattern Ascending Triangle Technical Analysis Liquidity Pool Market Sentiment
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GOON crypto up 1,900% in a day – What next for the low-cap coin?GOON crypto has a bullish short-term outlook as the MACD was about to form a bullish crossover, but the A/D suggested demand was weakening.
Read more »
Jordan Becomes Crypto Market Reporter for Kitco CryptoKitco Crypto welcomes Jordan as its new Crypto Market Reporter. With a background in Psychology and Human Behavior, Jordan turned his focus to cryptocurrencies in 2017, noticing the rapid growth of the market. Since then, he has worked as a content creator and crypto news journalist, focusing on the latest developments in the crypto market.
Read more »
Congress gains pro-crypto allies, what it means for the crypto industryWith growing bipartisan interest, the stage is set for a Congress that could redefine America’s approach to blockchain and digital assets.
Read more »
Election sparks $2.19B weekly crypto inflows: Here’s what changedFrom elections to Ethereum upgrades, crypto markets witness unprecedented crypto inflows and surging investments.
Read more »
Crypto SWOT: The crypto prime brokerage market is boomingThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Bitwise files 10 crypto ETF proposal: A new move for U.S. crypto investors?As competition heats up, Bitwise pushes the boundaries with its diversified crypto ETF proposal which includes top-tier digital assets.
Read more »