Technical analysis by GoneLiminal about Symbol ADA: Buy recommendation (8/5/2025)

Over the past week the market remains volatile as it seeks clarity. Top ten and others are range bound however ADA has completed a very nice breakout and retest of the descending triangle pattern started in DEC 2024 and holds support at .702 above the 50 Week MA and Bull market support bands. ADA has recently performed a golden cross and the 100 week MA @ .578 is also set to cross the 200 week MA @.616 Developments are ongoing to the chain: -Glacier drop details to be release in Aug. using Zero knowledge proof (ZKP) midnight achieves much needed blockchain privacy and interoperability with multiple chains creating a hub effect favouring Cardano. -70M from Cardano treasury allocated to IOG in order to polish various developments which will continue to push Cardano to the leading edge of the Crypto space. -Polymarket predicts 83% chance of Cardano ETF approval in 2025. -BTC OS and ZKP link BTC and ADA ecosystems with safest non bridge method to move BTC into a multichain environment which massively supports ADA -73,000,000. dollars of institutional inflows ranking ADA as the sixth largest attractor of institutional funding. -Strong community support and conviction There is a bearish case which would call for the cancellation of the altcoin season and would mean Santa also doesn't come this year. I assess this as due to the continued dominance of BTC forcing alt season hopes to stay rangebound for extended periods as crypto is adopted into the financial systems. however part of my thesis includes being contrarian, to a degree. The crypto market is clearly manipulated and I watch for the weaponization of FUD , as recently experienced over the last week with political tension and tariff's causing mass liquidations. these FEAR spikes are TO ME indicators of deliberate attempts to shake out any retail interests. Conclusion, I remain bullish, i repeat, I remain bullish. you don't have to and I encourage everyone to create their own thesis from all the available contributors ideas. I remain bullish as all the data I see is still in line with the upward trend. and remember NOBODY "KNOWS" what's coming so... IF YOU SAY YOU NEVER HAD A CHANCE YOU NEVER TOOK A CHANCE.