Cardano (ADA) is currently trading near $0.78, with analysts suggesting a potential bear-trap zone between $0.75 and $0.78. This could lead to a short-term recovery to $0.85 if buying support holds. Resistance is expected between $0.83 and $0.90, while long-term bullish scenarios could see ADA reaching $15 under strong market conditions.
On-chain data indicates $2.54 million in net exchange outflows on September 27, reflecting cautious institutional behavior. Analysts remain optimistic about ADA's potential, with long-term targets set at $1.70 and $2.50.
Cardano Price Nears $0.78 Amid Potential Bear Trap, Analysts Eye $0.85
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