In a recent analysis, Michaël van de Poppe presents Cardano (ADA) in a positive light, remaining above key support and resistance levels.
Analysis of ADA/USDT Chart
ADA is trading around $0.90 and above the 20-week moving average (MA). In recent weeks, the price dipped into an "optimal entry" zone and then bounced back, keeping the series of higher lows intact since late 2024. Key levels on this chart include:
* Support: $0.74–$0.80 (green zone) and a rising trendline. * Resistance 1: $0.985. * Resistance 2: $1.24.
Analysis of ADA/BTC Chart
Against Bitcoin, ADA is also back above its 20-week MA following a long downtrend. Michaël van de Poppe labeled this a "trendswitch." The price sits near 0.0000078 BTC with room to tackle old resistance levels above. Key BTC-pair levels:
* Support: 0.0000070–0.0000075 BTC. * First resistance: 0.000009–0.000010 BTC. * Major resistance: 0.00001536 BTC.
ADA Price Outlook for the Coming Weeks
In a bullish scenario, ADA needs to hold above the 20-week MA and $0.85, with a break and close above $0.985 opening possibilities toward $1.10–$1.24. For ranging conditions, levels between $0.80–$0.98 are expected. A risky scenario would be closing the week below $0.80, weakening the trend and risking a revisit of $0.74.
Therefore, despite potential fluctuations, Cardano (ADA) exhibits positive trends on the charts against both the dollar and Bitcoin, making it a relevant topic for analysis and discussion.
