Total Quality
Score
If You Had Traded on This Analysis…
Fail
ADAUSDT
Long Entry
0.3562
2025-12-24
21:45 UTC
Target
0.4000
Fail
0.3390
In 7 Days
Risk/Reward
1 : 3
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Final PnL
-4.83%
P/L: —
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Cardano (ADA) is currently in a downtrend. The price has formed a potential wave 2 pullback after a five-wave move down. The 78.6% Fibonacci retracement level around $0.3450 is acting as a critical support. A break below this level could invalidate the bullish outlook and suggest further downside. However, if ADA holds this support and shows signs of a reversal, a move towards $0.4000 is possible, which is also the next resistance level. Any upward movement from here is likely to be a counter-trend move as part of a larger correction, with key resistance levels identified at $0.3550 and $0.4000.