Cardano (ADA) faces difficulties capitalizing on recent market bullishness, trading at $0.3517 with a 2% decline. In contrast, Bitcoin (BTC) and Ethereum (ETH) rose over 5%. However, technical analyst Trend Rider highlights a green ADA Oscillator Wave, indicating potential bullish reversal. He predicts ADA may test $0.400 resistance, a 13% increase.
Jesse Olson also has a positive outlook for ADA, noting a pending buy signal on its daily chart. Olson targets price reaches of $0.4500, $0.550, and possibly surpassing $0.620, aiming for $0.650 by year-end.
Key support levels to watch are $0.3445, $0.3296, $0.3150, and $0.3035. Breaching these could signal further decline, with $0.3150 being crucial as a defense. Maintaining these supports is essential for upward momentum.
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