If you have followed my cardano articles, congratulations – you start to see how the market really moves.
In the previous update we expected that Ada would respond for a long time from a daily question. Firstly, the price wiped the liquidity below $ 0.76 and created what is known as an incentive.
Now, for those who are new here: one incentive happens when the market tempts traders to enter early – often activating short positions – only to reverse and catch them. That is exactly what Ada did.
After it had taken that low, it turned wonderfully to the advantage and moved it in line with what we expected.
Currently the price floats around $ 0.84, just after responding to a daily food zone.
And for newer readers – Supply and supply zones are in fact where there are large orders. Ask is where buyers intervene (support) while delivery Is where sellers take profit or open shorts (resistance).
If you have been following me for a while, you already know how these areas stimulate price movements and how the liquidity around them tells the real story.
Now, back to the graph. We have two possible scenarios here.
From a daily long bias, the market structure looks bullish from-hoger lows, higher highlights-which suggests that this short-term reaction of the offer can be temporary.
But if you look at it from a daily bias in the short term, things become interesting.
The price approaches another daily demand zone, and it would not surprise me to see a deeper manipulation moving to there. Sometimes these pullbacks are designed to cause more sales before the market reverses, wipe stops and then rise again.
That is why I pay attention to how Ada reacts around this requirement.
If it applies, the next leg higher could bring us more than $ 0.90 – possibly re -test the previous liquidity heights. But again a clean break under $ 0.76 would shift my bias in the short term.
Of course we cannot ignore the big players – Bitcoin, Ethereum and the wider macro -economic landscape – they all play a role in how Ada moves afterwards. My view is based on likely and structure, no certainties.
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After years in this room I learned one thing: the price does not always behave how we expect. It moves where the liquidity lives. And although we can read that liquidity and anticipate reactions, nothing is guaranteed.
Yet the structure looks solid. Ada continues to show strength, and this recent response from the induction delivery can simply be part of a greater accumulation before a more decisive bullish.
Whatever happens, remember – these scenarios are not certainties. The market can always do what he wants, and unpredictability is part of the game. But for now, Cardano (ADA) seems ready for a new interesting week.
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