Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details
Cardano’s deals were above key demand levels after Friday’s turmoil, which made the price react sharply to $1.5 billion + $100 million hacking news. BYBIT is the top cryptocurrency exchange. Panic across the market brought prices from local highs to key demand zones, with Danno dropping more than 7% in less than six hours. Fear spread rapidly, driving prices as investors feared further downward pressure. However, Bybit’s quick response and assurance helps restore confidence to prevent more aggressive abandonment.
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Despite the turbulence, Cardano still surpasses the critical support with vital support, indicating that the Bulls are still in control as long as these levels hold. Top analyst Ali Martinez shared a technical analysis on X, showing Cardano (ADA) between $0.67 and $0.80. This range is a strong area of demand that has accumulated historically. Maintaining this level is critical to the short-term outlook for ADA, as the following failures may trigger further sales pressure.
and Stable market sentiment The critical support level is intact and ADA can be positioned for rebound. However, the Bulls need to quickly regain the lost ground and postpone it to the resistance level to confirm a stronger recovery. After Bybit’s security breach, everyone’s eyes were on a wider market response.
Cardano Bulls Hold Key Needs
Cardano’s trading levels can serve as a strong foundation for restoring the rally. As volatility and uncertainty continue to bring most altcoins into lower demand zones, the Bulls remain cautious. Extreme sales pressure seen throughout the market since late December showed no signs of a stop, and many investors were on the verge of the brink. Still, it is becoming increasingly optimistic that Cardano will soon reverse its bearish trend and begin a strong rally.
Technical indicators show that ADA is at a critical moment, and the continuous holding level is higher than the critical demand level, which can lay the foundation for a stage of sharp rise. Martinez’s Technical analysis of X The point is that Cardano’s most critical support zone is $0.67 to $0.80. Historically, this price range has been a strong accumulation zone, and as long as it is established, the wider Bulls running remain intact.
If the ADA successfully defends this range, the Bulls can restore confidence and push prices to higher levels of resistance. Breakthroughs above key supply levels may accelerate buying pressure, triggering a journey to previous highs. However, if sales pressures intensify and ADA supports the following, there may be further disadvantages.
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Market sentiment has improved as Bybit’s security violation solutions improves, and investors are closely watching signs of strength in Cardano’s price action. If the bullish momentum returns, those who accumulate during this merger phase may benefit from the ultimate uptrend. The area holding the above $0.67-$0.80 is crucial to determine whether the ADA can recover and restore the lost ground in the next few weeks.
Price test key levels
Cardano (ADA) trades for $0.75. The Bulls’ short-term goal must be to raise ADA above this level and support it, which marks an upward shift in momentum. A successful breakthrough will open the door to testing the $0.85 level, which is consistent with the 4-hour 200 moving average (MA), a key indicator of short-term strength.
Currently, the ADA is still in the merger stage and the Bulls need to maintain control above $0.73 in the next few days. Maintaining this price range will confirm short-term strength and indicate a potential bullish recovery. If the ADA fails to stay above $0.73, the seller can restore control and push the price higher, increasing the risk of deeper corrections.
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Market conditions are still uncertain, but if the Bulls recover $0.82, a strong rally may be held, pushing the ADA to higher levels of resistance. Investors are watching closely to see if Cardano can establish higher lows and break the bearish trend that has lasted for weeks. Maintaining critical support levels is critical to sustainable recovery.
Featured images from DALL-E, charts from TradingView
