Recently, there has been discussion about Cardano (ADA) testing key support levels, which is definitely worth paying attention to. Currently, ADA's price is fluctuating around $0.361442, and this level is quite interesting.
From a technical perspective, the support level at $0.347000 is very critical—whether it can hold will directly determine the strength of the subsequent rebound. Currently, the RSI is at 45.1, leaving some room for adjustment. If this support is broken and the price drops below $0.340000, a reassessment of the risk is necessary. Conversely, $0.375900 is a good resistance level; once it breaks through $0.370500, the upward momentum will become more apparent. The market always operates this way—opportunities and risks often unfold at these key levels.
From a trading standpoint, a relatively prudent approach is as follows: first, observe and see if ADA can stabilize at $0.347000. If it holds, consider gradually buying in at lower levels, with a target set at $0.375900. But the key is to set a stop-loss at $0.340000; if the price falls below this level, you should exit decisively. The volatility in the crypto market is indeed high—without a stop-loss, it's essentially gambling, and this must be clearly understood.
Overall, this recent pullback of ADA seems more like a consolidation rather than a trend reversal. Whether it can rebound to heights like $1.14 depends on the overall market sentiment. At this stage, patience is more important than rushing in.
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DataOnlooker
· 18h ago
0.347 If we can't hold it, we can only lie flat.
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ShitcoinArbitrageur
· 18h ago
0.347 If we can't hold it, let's admit defeat. Don't damn fight with ADA to the death.
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BlockchainDecoder
· 18h ago
From a technical architecture perspective, whether the support level at 0.347 can hold is indeed crucial, but the RSI at 45.1 indicates there is still significant room for adjustment, so it’s worth continuing to observe.
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BearMarketHustler
· 18h ago
ADA this time really depends on whether 0.347 can hold. Honestly, stop-losses still need to be well placed; otherwise, it's easy to get caught in a trap.
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GasWrangler
· 18h ago
honestly the $0.347 support is mathematically inferior if you're not analyzing the mempool dynamics—technically speaking, most retail traders miss the microstructure entirely. empirically proven that RSI at 45.1 leaves room for optimization, but ngl the real edge is in the priority fee differential between support bounces, not just staring at these surface-level levels
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ApeEscapeArtist
· 19h ago
ADA is indeed dancing at a critical position this wave, holding @0.347@ is the key to success.
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Honestly, without stop-losses, it's pure gambling. This point must be recognized.
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Waiting for a rebound to @1.14@? Haha, let's see if the market gives us this face first.
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Break below @0.34@ and it's straight to stop-loss and run, don't wait.
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Whether it's a correction or a reversal depends on what the next few K-lines will tell us.
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RSI is only at 45.1, there's still plenty of room for adjustment. Why rush?
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This position is indeed tempting for a low buy, but you need to have ammunition in hand.
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The worst thing is a sudden break of support without any warning, catching you off guard.
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Target @0.3759@, easy to say but hard to do. The market won't always cooperate with you.
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When the market looks bad, even a good ADA is useless. This is the fate of the crypto world.
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ContractCollector
· 19h ago
0.347 this point must not be broken, or else it's over.
ADA's rhythm is a bit frustrating, no rush.
Stop-loss really shouldn't be saved, gambling and trading are a matter of life and death.
Wait for the market to give a signal, what are you doing now?
Rebound to 1.14? Dream on, let's see how 0.37 holds first.
Recently, there has been discussion about Cardano (ADA) testing key support levels, which is definitely worth paying attention to. Currently, ADA's price is fluctuating around $0.361442, and this level is quite interesting.
From a technical perspective, the support level at $0.347000 is very critical—whether it can hold will directly determine the strength of the subsequent rebound. Currently, the RSI is at 45.1, leaving some room for adjustment. If this support is broken and the price drops below $0.340000, a reassessment of the risk is necessary. Conversely, $0.375900 is a good resistance level; once it breaks through $0.370500, the upward momentum will become more apparent. The market always operates this way—opportunities and risks often unfold at these key levels.
From a trading standpoint, a relatively prudent approach is as follows: first, observe and see if ADA can stabilize at $0.347000. If it holds, consider gradually buying in at lower levels, with a target set at $0.375900. But the key is to set a stop-loss at $0.340000; if the price falls below this level, you should exit decisively. The volatility in the crypto market is indeed high—without a stop-loss, it's essentially gambling, and this must be clearly understood.
Overall, this recent pullback of ADA seems more like a consolidation rather than a trend reversal. Whether it can rebound to heights like $1.14 depends on the overall market sentiment. At this stage, patience is more important than rushing in.