Cardano Dey Near $1 After 50% Surge: Key ADA Levels
Cardano (ADA) don waka jump 51% since July 8, e rise from $0.572 reach near $1. Short-term metrics dey show say market get bullish mind. The taker buy/sell ratio dey favor longs. About 74% of accounts dey long on ADA, and 77% of Binance top traders get long position. Dis kind skill fit trap bulls if Bitcoin yan to down.
E dey important make Bitcoin stable pass $112k. If e fall near $100k, e fit carry ADA down. For the daily chart, Cardano market structure still dey bullish. But if e drop under $0.822, e go turn trend to bearish. Awesome Oscillator dey trend down go zero, e mean say momentum dey weak. On-balance volume still dey support, no heavy sell-off.
If e break $1, e go open target for $1.2 and $1.36–1.4. The three-month liquidation heatmap show say the $1 level na big magnet. For downside, $0.8–0.822 na critical support. Traders suppose dey watch Bitcoin, ADA support levels, and resistance clusters. Those things go shape ADA price moves for the next weeks.
Bullish
Cardano recent 51% rally plus strong technical indicators dey show say the market outlook na bullish. The taker buy/sell ratio, increase long positions among traders, plus rising on-balance volume all dey show say demand for ADA go continue. Key support levels for $0.822 and $0.8 don hold well, maintain the daily bullish structure. Resistance clusters for $1, $1.2, and $1.36–1.4 dey give clear targets for price to rise. Historically, altcoins wey get similar on-chain metrics dey extend rallies after dem test support again, especially when Bitcoin still dey keep upward momentum. For short term, Bitcoin fit maintain price above $112k go support ADA price. For long term, breaking big resistance and steady volume support mean more gains dey possible. Even though risk for bull trap dey if Bitcoin slide, technical evidence plus weigh favor make bullish trend continue.