Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Cardano Price Prediction: Can ADA force it past $0.6?
ALTCOIN NEWS

Cardano Price Prediction: Can ADA force it past $0.6?

By Crypto FlexsJanuary 30, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano Price Prediction: Can ADA force it past alt=
Share
Facebook Twitter LinkedIn Pinterest Email

  • Cardano has an optimistic market structure.
  • It has moved within its previous range and is expected to rise further.

Cardano (ADA) fell below its six-week range on January 18th. It retested the $0.453 support level and bounced back energetically. The low of the $0.51 range has once again flipped for support, while liquidity around $0.6 will likely pull the price forward.

A recent AMBCrypto report highlighted the high probability of ADA recovery. This view was borne out by the collapse of the optimistic market structure.

Another resistance/support reversal encourages buyers.

A move above $0.52 triggered a bullish reversal in the market structure on the 12-hour chart. In addition, it surpassed the resistance level of $0.524 and turned into support.

Together, they point to an optimistic bias toward the ADA going forward.

Source: ADA/USDT on TradingView

RSI rose back above the neutral line of 50, signaling a change in momentum. OBV, which had been declining since mid-December, rose slightly. However, the indicator is not yet in a firm upward trend.

This shows that despite the strong rise last week, the buying trend was only slightly stronger. The current $0.524 level is support, so OBV is expected to rise higher.

Can ADA surpass $0.6?

The price action chart shows an imbalance (white box) and a bearish order block (turquoise box) overlapping in the $0.56-$0.57 area. This meant it was a tight resistance zone that could take the bulls some time to break through.

Cardano is predicted to rise past $0.6, but one major obstacle remains.

Source: Hiblock

AMBCrypto analyzed Hyblock’s expected liquidation level heatmap data. This data was consistent with the price action results. First, ADA broke into the $0.524-$0.536 area and swept up large liquidity.

As the uptrend solidifies, a slight retracement towards $0.51 may follow. The liquidity heatmap shows $0.554-$0.564. The $0.6 and $0.62 areas are likely to drive the ADA price down on their own.


Read Cardano (ADA) Price Prediction for 2024-25


In comparison, the level of clearing in the South was insufficient. Therefore, an increase is much more likely than a decline to $0.46-$0.47.

If the bulls can extend the $0.57 resistance, they are expected to reach the $0.62 level. This is because it represents a local high where a lot of liquidity is likely to exist.

Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025

Ethereum Rebounds from Bull Market Support: Can It Conquer the ‘Pocket of Gold’ Next?

October 26, 2025

TRX Price Prediction: TRON targets $0.35-$0.62 despite the current oversold situation.

October 26, 2025

Shamir’s Secret Sharing (SSS) for secure quantum data storage

October 25, 2025

MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem.

October 25, 2025

Bitcoin price surpasses $125,000 and hits ATH.

October 25, 2025

People Are Earning Thousands Of Dollars A Day

October 25, 2025

The $19 billion cryptocurrency collapse: A catalyst for Bitcoin to reach $200,000 by 2025: Standard Chartered

October 25, 2025

Humanity protocol price rises by 70% with launch of sustainable digital ID

October 24, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Jiuzi Holdings, Inc. Partners With SOLV Foundation On $2.8B TVL Bitcoin Initiative To Advance Crypto Treasury Strategy

October 27, 2025

Why Elon Musk’s SpaceX transferred $133 million in Bitcoin

October 27, 2025

Stablecoin payments reach $10 billion with mainstream adoption

October 26, 2025
Most Popular

Four Case Studies: Should You Hold Bitcoin In A Roth IRA?

March 17, 2024

Bitget Announces Listing of Syncus (SYNC) – Leading the Treasury-Token Dynamics in DeFi

March 21, 2024

Cryptocurrency hacks decreased in March compared to the previous month: PeckShield

April 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.