- Cardano price collected liquidity resting below the September 13 swing low at $0.460, triggering a reversal.
- Investors can expect ADA to continue this recovery rally until it retests the $0.505 hurdle.
- A daily candlestick close below $$0.0.450 will create a lower low and invalidate the bullish outlook for ADA.
Cardano price triggers its liquidity fractal pattern again after the recent sell-off in Bitcoin and Ethereum. The collection of sell-stop liquidity has also caused ADA to catalyze a run-up. Interested traders can capitalize on this rally by jumping on this trend at the right time.
Cardano price signals buy
Cardano price created the seventh liquidity run on a twelve-hour chart as it swept the September 13 swing low at $0.460 and created a double bottom at $0.450. This development kick-started a reversal that has pushed ADA up by 5.82% so far.
The bounce in ADA could easily retest the immediate hurdle at $0.505. Since Cardano price produced a higher high at $0.521 relative to the September 6 swing high at $0.512, the trend seems to be favoring bulls. Hence, the ongoing recovery rally could aim for the $0.530 resistance level.
If ADA retests $0.530, it will have rallied 17% and is likely where the upside will be capped for the so-called “Ethereum-killer.” Additionally, this move would have produced a higher high relative to the last higher high at $0.524 formed on September 10.
ADA/USDT 12-hour chart
On the other hand, if Cardano price produces a lower low below the $0.450 level, it will invalidate the bullish thesis for ADA. This development could see Cardano price crash to the $.435 stable support level.
Note:
The video attached below talks about Bitcoin price and its potential outlook, which could influence Cardano price.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin to extend its consolidation between the $75,000 to $88,000 range
Bitcoin price faces a slight rejection around the $85,000 resistance level on Wednesday after recovering 3.16% the previous day. A K33 report highlights that Cryptocurrencies and Equities have largely de-risked going into Donald Trump’s “Liberation Day” on Wednesday.
Maker, Gala and Polygon lead $100k whale transactions, can altcoins defy looming macro uncertainty?
Maker (MKR), GALA, and Polygon (POL) are among the crypto projects that have seen a spike in whale transactions of at least $100,000 in the past week, as revealed by Santiment on-chain data.
Cardano and Binance Coin Price Forecast: Altcoins ADA and BNB show weakness in momentum indicators
Cardano (ADA) and Binance Coin (BNB) prices edge slightly down, trading around $0.66 and $598, respectively, at the time of writing on Wednesday after a mild recovery so far this week.
Public firms turn balance sheets into Bitcoin vaults: Gamestop raises $1.5 billion; Metaplanet adds 160 BTC
Public companies are increasingly converting their balance sheets into Bitcoin reserves. Gamestop (GME) has raised $1.5 billion in capital, with potential plans to allocate part of the funds toward expanding its Bitcoin treasury.
Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.