web3: Foreign media: ADA approaching key resistance level of $0.40, becoming the next target
CoinPedia
09-09 19:56
Ai Focus
Foreign media reports that ADA is approaching the critical resistance range of $0.23 to $0.26. If it breaks through and holds this level, it could move towards $0.30 and $0.40 in the future.
Helpful
No.Help

Foreign media analysis suggests that after several months of consolidation at low levels, the price structure of Cardano token ADA shows signs of improvement. The article states that ADA has rebounded from the $0.14 to $0.15 range and has once again crossed above the 200-day moving average, which is a key level of market attention, indicating that buying momentum has recovered to some extent. However, the $0.23 to $0.26 range remains the most critical resistance zone at present.

The daily chart is approaching the resistance zone.

From the daily trend, ADA has gradually raised its high and low points recently and is operating within an upward channel. The article believes that this indicates a strengthening of the short-term trend compared to before. At the same time, the Relative Strength Index RSI has also risen in tandem, reflecting an improvement in market momentum.

However, this range has not yet truly achieved a breakthrough. Reports mention that since June, ADA has been unable to effectively cross the $0.23 to $0.26 range. Therefore, to confirm a breakthrough this time, stronger trading volume is still needed. If the daily chart can close firmly above $0.26 and maintain that level after a pullback, the price may further rise to $0.30.

Weekly focus on $0.40

Looking at a longer period, the article suggests that ADA is attempting to break away from a previous larger downward trend. Unlike past rebounds that were followed by another decline, this round of movement seems more like the establishment of a new support base at lower levels, and the previously weak downward momentum is also weakening.

The report indicates that after overcoming local resistance around $0.25, the next more important hurdle for ADA is $0.40. The weekly chart of RSI also shows a clear rebound, echoing the improvement in daily momentum. If the weekly chart can continue to remain above $0.40 in the future, market expectations for higher targets will further strengthen.

$0.80 remains a long-term scenario.

For the longer-term trend, the article does not regard $0.80 as a confirmed target, but rather defines it as a long-term scenario that requires stronger market validation. In other words, the current trend is more about creating conditions for a larger-scale recovery, rather than having already confirmed a reversal in the trend.

The article suggests that if the current rebound continues, $0.30 can be considered as a more immediate observation range; however, $0.40 requires a clearer breakout and broader market support. Only if ADA can ultimately establish a more solid support above $0.26 will the overall bullish outlook become more convincing.

Tip
$0
Like
1
Save
1
Views 519
WalletJYS reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Privacy-first AI assistant Ollie will be discontinued
The privacy-focused startup AI, known as Ollie, has announced that it will officially shut down on November 6th. The co-founder of the company and also a key contributor to CEO Bill Lennon stated that the team has done its best, but it has become difficult to continue operations amidst increasing competition and rising financing pressures; customers will receive instructions on how to export their data and get refunds.
TechCrunch
·2026-10-31 10:31:27
4
Android 7.0 version Apple Music released: Apple upgrades brand visuals, introduces liquid glass design
After about a month of Beta testing, Apple officially launched Android 7.0 Apple Music, which features a liquid glass design, brand-new icons, and a visual update to the brand identity. The new version also redefines interface elements such as the bottom navigation bar, mini-player, top bar, artist pages, and settings pages.
The Block
·2026-10-31 10:04:50
16
U.S. Stock Market: NASDAQ 100 Index Plunges 3.5% AI Increased Investment Doubts Lead to Selling of Tech Stocks
Tech stocks tumbled for a second consecutive day on Friday, with concerns over AI spending and weak core businesses of large tech companies putting pressure on the market. The Nasdaq 100 index fell 3.5%, with individual stocks such as Intel, AMD, NVIDIA, and Amazon also declining. The S&P 500 index, the Dow Jones Industrial Average, and the Nasdaq index also closed lower.
The Block
·2026-10-31 09:35:26
26
Intel's stock price plummeted, causing the government's stake to shrink by $12 billion
Intel's stock price plummeted by about 28% on Friday due to its fourth-quarter outlook falling short of expectations, resulting in a $12 billion reduction in the value of shares held by the U.S. government. The company warned that revenue, gross margin, and cash flow prospects are under pressure, but data center business revenue increased by 78% year-on-year.
TechCrunch
·2026-10-31 09:14:34
37
Who decides on the liquidation when assets remain with the custodian bank and funds are lent out onto the blockchain?
After institutions hand over their collateral to qualified custodian organizations, they can still obtain funds from the on-chain lending market. This is the approach outlined by Chainlink on October 26th when introducing CustodySync. The official first-party partner is Anchorage Digital Bank, which, in conjunction with its Atlas collateral management product, integrates the custodial arrangements familiar to institutions into the liquidity of DeFi.
币界网
·2026-10-31 08:54:08
58
View More