Cardano (ADA) is showing renewed momentum after weeks of sideways action, climbing back above its 50-day moving average and putting the $0.94 resistance back in 0 view this level as the next major hurdle to unlock a run at the $1.00 psychological 1 Reading: Bitcoin Will Not Crash: Jeff Park Rejects Paul Tudor Jones’ 1999 Comparison On the daily chart, ADA has reclaimed its green 50-DMA as support, while RSI has rebounded toward 50, leaving room for further upside if buy volume continues to build. A clean daily close over $0.9 would confirm a trend shift and strengthen the case for a Q4 continuation rally. ADA's price moving sideways on the daily chart.) Reserves Jump 462% Fueling the bullish narrative, Coinbase’s ADA holdings surged 462% to 9.56 million ADA in recent months, coinciding with rapid growth in Coinbase Wrapped ADA (cbADA) on the Base 2 cbADA supply has expanded to 9.53 million from 1.7 million at launch, pointing to rising on-chain utility and custody demand from larger 3 stark contrast, Coinbase’s XRP reserves dropped 98% (from 970 million to 16.39 million), underscoring a rotation in on-exchange liquidity and user preference toward wrapped Cardano 4 Levels and Q4 Outlook: $0.83 Support, $1.00 Magnet From a technical standpoint, Cardano’s (ADA) structure appears increasingly constructive, with the token reclaiming its 50-day moving average and holding firm within the $0.83–$0.85 support zone, a critical base that continues to attract dip-buying 5 this range could open the door to a deeper pullback toward $0.75, but as long as price remains above it, the setup favors further 6 the resistance side, $0.94 remains the key multi-touch ceiling, and a decisive breakout above this level could trigger a move toward $1.00, with extensions possible to $1.06–$1.12.
Meanwhile, a rising RSI and improving market breadth suggest healthy momentum, reinforcing the view that short-term pullbacks are likely to be absorbed by 7 factors also support he bull 8 Bitcoin steady near record territory, capital rotation into large-cap altcoins typically strengthens into year-end. Similarly, Cardano’s fundamental backdrop, expanding DeFi, smart-contract adoption, and wrapped-asset growth on Base, supports a higher-low, higher-high 9 Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 If Cardano prints a decisive daily (or weekly) close above $0.94, technicians will look for a swift push to $1.00 and potentially $1.20 on momentum 10 image from ChatGPT, ADAUSD chart from Tradingview
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