logo

Cardano Eyes $1 as ADA Pulls Back to $0.789—Brave Deal, New Partnerships Fuel Momentum

By: fxleaders|2025/05/13 18:00:14
0
Share
copy
Cardano ( ADA ) is showing resilience after slipping 4% on Tuesday to trade around $0.789, following last week’s 19% surge. Despite the pullback, ADA remains above the ascending trendline and 50-period EMA support at $0.782—a zone that has historically triggered bullish continuation. Last week’s rally saw ADA reach a local high of $0.864, propelled by a breakout from an inverted head-and-shoulders pattern. While the rally has cooled, the neckline support at $0.75 continues to provide a critical floor. If ADA maintains this level, the breakout structure points to a projected target near $1.08. Updated Technical Analysis: Support Zone Holding ADA/USD is currently consolidating just above the $0.782 support area, where trendline support and the 50 EMA intersect. A sustained hold above this region keeps the bullish structure intact and sets the stage for a potential move toward $0.824. If that resistance breaks, the next technical target is $0.865. Buy Entry Zone: $0.785–$0.790 Target 1: $0.824 Target 2: $0.865 Stop Loss: Below $0.772 The MACD histogram is still negative, but flattening momentum suggests that selling pressure may be fading. A MACD crossover or volume spike would further support bullish continuation. Hoskinson’s Hints and Brave Integration Boost Sentiment Fundamentals remain a strong tailwind for ADA. Cardano’s integration with Brave Wallet last week marked a significant adoption milestone. Founder Charles Hoskinson teased that several delayed partnerships are now back on track post-Midnight upgrade, Cardano’s privacy and identity protocol overhaul. Hoskinson stated, “These are overdue but back on track now,” and emphasized that this was “just the first of many” integrations to come in summer and fall 2025. Can ADA Retest $1 in the Coming Weeks? With ADA holding above key technical support and fresh deals in the pipeline, sentiment remains positive. As long as $0.782 holds, bulls may push toward $0.865 and eventually $1.08. However, a breakdown below $0.772 could invalidate this outlook and bring $0.755 into focus. For now, ADA’s trajectory toward $1 will depend on the interplay of deal execution, momentum recovery, and broader market sentiment.

You may also like

Untitled

I’m unable to access the original article content you referenced. Please provide specific details or another article so…

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.

2% user contribution, 90% trading volume: The real picture of Polymarket

Is Polymarket a battleground for retail investors or an arena for institutions?

Popular coins

Latest Crypto News

07:42

Data: 473.61 BTC transferred from an anonymous address, then routed to another anonymous address

According to Arkham data, at 04:42, 473.61 BTC (worth approximately 31.67 million USD) was transferred from one anonymous address (starting with bc1qt6c4z...) to another anonymous address (starting with bc1qcf0gq...).
07:42

Data: 473.6 BTC transferred from an anonymous address, worth approximately 31.63 million USD

According to Arkham data, at 05:32, 473.6 BTC (worth approximately 31.63 million USD) was transferred from one anonymous address (starting with bc1qc...) to another anonymous address (starting with 18Dk...).
07:42

Data: 473.6 BTC transferred from an anonymous address, worth approximately 31.64 million USD

According to Arkham data, at 05:45, 473.6 BTC (worth approximately 31.64 million USD) was transferred from one anonymous address (starting with 18DkX...) to another anonymous address (starting with bc1qen...).
07:42

Data: 253.14 BTC transferred from an anonymous address to Crypto.com, worth approximately 16.51 million USD

According to Arkham data, at 06:00, 253.14 BTC (worth approximately 16.51 million USD) was transferred from multiple anonymous addresses to Crypto.com.
07:42

Data: 364 BTC transferred from Coinbase, worth approximately 243 million USD

According to Arkham data, at 06:34, 364 BTC (worth approximately $243 million) were transferred from Coinbase to multiple anonymous addresses.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com