Technical analysis by MasterAnanda about Symbol ADA: Buy recommendation (8/4/2025)

Good news. We already have a higher low and Cardano back into the long-term accumulation zone but on the bullish side. You know a channel has a middle portion always and the lower portion relates to the bears while the upper portion is owned by the bulls. This is the good news, Cardano is staying safely, nicely on the bullish side of the 2025 consolidation channel. Cardano has been in this range almost the entire year but everything looks great. The broader bias is bullish based on the strong advance late last year. This was a strong advance and every strong move needs to be consolidated before anything else happens. This is the correction followed by sideways action. After this phase is over, now, then we see a new move develop, the continuation of the previous move—the bullish wave. We have 140% profits potential (PP) to $1.83 but this is still some middle way, mild, middle portion move. The market will continue to heat up, evolve and grow and as this happens we will be taking out several resistance zones and with these gone we can expect higher prices and finally the new all-time high we have been waiting for for so long. Patience of course. Chart: Cardano (ADAUSDT) Daily Timeframe with MA200 Notice just three days below MA200 and now back above this level. In the past when ADAUSDT moved below MA200 it would stay months below this level. This time it was pierced briefly and the action moves back above. This means that the bulls are in control. The retrace was short, small and low volume which means weak. Weak bears, weak sellers means that we are bullish and bullish means green. With all this said and done, you can expect growth for months. Continue to buy, continue to trust and continue to hold. You will be happy with the results. Crypto is going up. Energy for all readers. Let's grow together, let's be open, learn and share. The best is yet to come. You are special. You are a divine living being and you deserve the best... Thanks a lot for your continued support. Namaste.Cardano Update Good afternoon my fellow reader, I hope you are having a nice day, we are getting close to the weekend and the market is heating up; everything continues to improve and everything is on track to a new all-time high. Everything is happening just as expected and this is as good as it can get. ADAUSDT is full green today after a retest of EMA55 and EMA89. We are moving now toward resistance and we know resistance will break and a new major high will happen. This is because we have a super strong higher low. This means that either sellers are lacking or buyers are plenty or both. Market conditions continue to improve. The time right now is good to buy and hold. Accumulation and buying more. We still have to wait months before selling, several months. Namaste.