Will ADA Surpass $0.85 or Sink Into Oblivion? Find Out! 🚀🤔

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Will ADA Surpass $0.85 or Sink Into Oblivion? Find Out! 🚀🤔

  • On-chain metrics reveal that a staggering 72.30% of ADA traders are bravely betting on the long side, while a measly 27.72% prefer to short the dream.
  • AMBCrypto’s chart analysis suggests ADA remains bullish, though it’s also wincing under some mild selling pressure — a love story with a hint of drama.

After enduring what seemed like an eternity in a dark tunnel of decline, Cardano [ADA] has suddenly decided to put on a brave face and turn bullish. Now it looks like it’s gearing up for a rally that might make the skeptics choke on their coffee.

This unexpected turn of events is catching traders and crypto experts by surprise, like a well-timed plot twist in a Victorian novel.

A certain well-followed crypto genius posted on X (you know, formerly Twitter) a chart showcasing ADA dancing within a descending channel — as if it’s teasing us with a slow, but potentially glorious, breakout.

The wise words from the expert?

“Cardano’s ADA could confirm a bullish breakout with a sustained close above $0.77.”

Cardano’s TVL skyrockets — Is a major rally brewing? 🔥

In addition to the bullish whisperings, Cardano’s Total Value Locked (TVL) is creeping upward, making it look like the blockchain’s feeling spry again. A DEX aggregator, DEX Hunter, shared that TVL is flirting with an all-time high — quite the comeback story for a project that once seemed to be napping.

This rise follows the recent breakthrough of the descending trendline — that stubborn resistance that had kept ADA in check much like a parent’s strict hand.

Experts say when TVL soars, so does the price — because nothing says “party time” like more on-chain activity and bullish vibes.

ADA’s price and technical analysis — Are we heading for the moon or just a quick trip? 🚀🌕

As I write this, ADA is lounging around $0.70, having jumped more than 6.50% in just a day — apparently, everyone suddenly decided to believe in the coin’s future.

This surge has pulled in investors and traders like bees to honey, or maybe just gamblers to the casino.

Data from CoinMarketCap makes it clear: with this rally, trading volume has leaped by 45% — more excitement than a carnival ride.

AMBCrypto’s technical analysis indicates ADA still holds a bullish outlook, but it’s also feeling a bit of the common cold — mild selling pressure near the 200-day EMA on four-hour charts. Oh, the drama!

That resistance level? It’s like that stubborn cousin who always appears at the worst possible moment — predicted to resurface around June 2025, just in time for the fireworks.

In fact, when ADA previously faced this level, it took a nosedive of over 10%, proving that patience (or panic) can be a trader’s worst enemy.

But don’t despair — the recent breakout and upward momentum paint a rosier picture, perhaps indicating that ADA is finally ready to stretch its legs.

ADA Chart

Cardano: Opportunities and pitfalls — The not-so-secret secret sauce

If ADA closes a 4-hour candle above $0.71, it could rally over 18.5%, possibly making a dash for $0.85 — or so the romantics hope.

But beware! If it fails to break that $0.71 barrier, a quick tumble of about 10% could send the price plunging toward $0.62 — cue the dramatic music.

Luckily for the optimists, sentiment leans toward the bulls, with traders on Binance clearly favoring longs by a ratio of 2.61 — as if everyone just woke up craving green candles.

Long/Short Ratio

This metric further reveals that a commanding 72.30% of top traders are betting confidently on the long side, with only 27.72% daring to short. Apparently, everyone’s in on the optimism — or perhaps just bored.

Despite a smidge of selling pressure, these figures suggest the market’s mood remains generally bullish — at least until someone calls “game over.”

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2025-06-11 00:14