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Market Direction

ADA - Technical Analysis

Published: May 8, 2025
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Cardano ($ADA) has been consolidating within a defined range between $0.64 and $0.74, showing no clear trend direction. With a deviation below range lows in April, price is back inside the structure, neutral for now, but primed for expansion.

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Next Support: $0.647

Next Resistance: $0.744

Direction: Neutral

Upside Target: $0.809

Downside Target: $0.570

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Cryptonary's Take

ADA has been stuck in a clean range between $0.64 and $0.74, with a deviation to the downside in April that tapped $0.52 before reclaiming support. With price now hovering near the mid-range, the structure suggests a potential deviation on the upside next but since the wider market is stretched, we will keep a neutral bias here . 

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