ADA falls 4.7% forming a triangle pattern, institutional interest increases, target price 0.86-1.12 USD

[Crypto] The trading price of Cardano's ADA token is approximately $0.64, having fallen 4.7% in the last 24 hours, forming a symmetrical triangle pattern, with the resistance level around $0.73. The potential target price after a breakout could be $0.86-1.12, while falling below $0.61 may lead to a drop to $0.50. With ADA being included in the S&P Digital Market 50 Index, daily trading volume surpassing $1 billion, and Whale users increasing their holdings by 140 million ADA within three days, institutional investor interest is growing. The ADA network continues to expand, boasting 2.5 million active Addresses, and the Mainnet is also advancing at midnight, but analysts warn that regulatory changes could impact the turbulent crypto market.

ADA-2.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BearMarketMonkvip
· 14h ago
Get ready, ada is about to explode!
View OriginalReply0
ChainComedianvip
· 14h ago
Once again, a triangle—this time, who is dumping the market?
View OriginalReply0
Web3ProductManagervip
· 14h ago
looking at the retention curve patterns... this dip is just another friction point before mass adoption kicks in tbh
Reply0
BrokenDAOvip
· 14h ago
What does it matter if institutions enter the market? It's just the beginning of a new round of equity games.
View OriginalReply0
BankruptWorkervip
· 14h ago
I really want to cry again for the loss.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)