HomePrice PredictionsADAADA Under Pressure: Eyes on $0.645 and $0.720 Key Levels!

ADA Under Pressure: Eyes on $0.645 and $0.720 Key Levels!

Date:

ADA Technical Analysis: 2 MAY 2025

Alt Coin Beacon - ADAUSDT_2025-05-02_12-27-29

ADA is in a potential falling wedge pattern. Source: TradingView

General View

ADA, after its initial rally, has entered a consolidation phase as a bull flag emerges. Meanwhile, in the short term, a falling wedge is being constructed. Bulls recently attempted a breakout, however, they failed to achieve any continuation, which is now creating a short-term pressure situation. As long as the price remains inside the wedge, it’s likely to remain trapped.

On The Upside

The $0.715 to $0.720 zone continues to remains as a key struggling zone for ADA. Convincingly, breaking past this barrier would trigger a fresh wave of buying pressure with Cardano, then aiming towards the $0.7350 level, followed by $0.7525.

On The Downside 

Cardano is currently struggling with its strength as it tests the $0.70 psychological level. As for the session, the intra-day support is positioned at the $0.6850 level, followed by the $0.670 to $0.650 range. On lower time frames, this is an important support level.

Alt Coin Beacon - ADAUSDT_2025-05-02_12-29-54

Bull flag appearing on a higher time-frame for ADA. Source: TradingView

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Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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