Look, Cardano can surprise the market, but you have to know the obstacles! The ADA has had a 17.8% growth in the last 36 hours, but how stable is that growth going to be? The story began with possible listings in Gemini and discussions about the strategic reserve of American cryptocurrency, which was able to generate a positive wave in the market. But that optimism has one serious obstacle: the lack of strong buying pressure.

Now the ADA is standing on its 3-month support in the  0.68 range, but it has failed to maintain ۰ 0.8. This level used to be a solid resistance that later played a Supporting Role for a short time, but it has failed again and left buyers in a difficult position.

There's no significant capital flow in the market right now. However, the liquidity map shows that above  1 is the total liquidity for hunting. So if the ADA can pass ۰ 0.8, the route will open up to ۰ 0.9 and even 1.03.

For now, we'd better see how the ADA reacts to ۰ 0.8. If he can get that level back, the chances of a serious upside are high. But if the market continues to push sales, a correction of up to ۰ 0.63 is likely. The game is still open, but the final decision is in the hands of the buyers!

Never forget risk management.

Image Source: Coinglass – Binance ADA/USDT Liquidation Heatmap🫡