How High Can Cardano (ADA) Price Go This Week?

Cardano isn’t making headlines at the moment, and that’s a good thing. After a long period of pressure, ADA has finally stopped falling and has eased up. There are no sharp sell-offs and no big pumps either. The ADA price is just moving quietly, and that usually means the market is thinking. When things go quiet like this, it’s often because traders are waiting for clarity. And right now, ADA looks like it’s stuck in that “what next?” phase.

• What ADA Is Doing Right Now
• What the ADA Chart Is Hinting At
• What the Indicators Are Saying
• What’s Next for ADA?

What ADA Is Doing Right Now On the 4-hour chart, the ADA price bounced off the $0.339 area and has been slowly inching higher since. That bounce was important. It’s where sellers clearly lost momentum and buyers finally stepped in. Since then, ADA hasn’t rushed upward, but it also hasn’t given much back. ADA has been making small, steady moves, and every dip seems to get bought a little faster than the last one. That’s usually what stabilization looks like after a rough move down.

Source: CoinAnk

At the moment, the ADA price is hanging around $0.37. It feels like a decision zone. Price keeps hovering there, which tells you traders are waiting for a clearer signal before committing either way. What the ADA Chart Is Hinting At Looking at the bigger picture, ADA is still below the major resistance around $0.42. Until price gets back above that level, it’s hard to say the trend has really changed. That said, the short-term structure does look better than it did a couple of weeks ago. ADA has stopped making lower lows, and selling pressure has clearly cooled. That alone changes the tone. If the ADA price can stay above $0.36, a move toward $0.39 or $0.40 later this week wouldn’t feel out of place. What the Indicators Are Saying The indicators are pretty much confirming what the price is doing. Momentum has lifted out of oversold territory, which explains why the selling slowed down, but it’s not showing strong bullish energy yet. Volatility has also dropped off. ATR continues to trend lower, which usually means the market is taking a pause. That often happens before a bigger move, but it also means ADA will need more volume if it wants to break higher. Williams %R is sitting close to neutral, another sign that price isn’t stretched too far in either direction. Read Also: From Fantom to Sonic ($S): How a Rebrand Triggered a 97% Sell-Off What’s Next for ADA? The rest of the week is important for Cardano, and $0.36 becomes the level of significance. As long as ADA is trading above $0.36, the short-term outlook remains positive, and $0.39-$0.40 becomes the zone of importance. If the ADA price can push through that zone, $0.42 comes back into play. If not, and the price slips below $0.36 again, the recent low near $0.339 could get tested once more. Right now, ADA feels like it’s waiting. Panic selling is absent, but buyers are still required. What happens around those levels will provide a good indication as to where the market is headed next.