ADA Price Outlook Hinges on Breaking $3 Psychological Resistance Level
- Bitcoin breaks from stocks, behaving more like a safe-haven asset.
- Cardano mirrors its last cycle, gaining trader attention fast.
- ADA price tracks global money supply, hinting at bullish momentum.
The crypto market is entering an interesting phase, with Bitcoin once again breaking away from its traditional correlation to tech stocks and equities. While it previously moved in step with assets like the Nasdaq 100, Bitcoin is now acting more like a safe-haven asset—driven by its limited supply, global uncertainty, and weakening confidence in U.S. monetary policy.
Altcoins are also surging and Cardano (ADA) particularly seems set for a big move. When analysing how Cardano performed in its last market cycle, there are clear similarities showing up again — and that has caught the attention of crypto traders.
ADA Echoing Past Rally Setup?
One of the strongest signals is how ADA’s price movements are following global money supply trends, much like they did before its last major rally. Back then, gold prices topped out, and soon after, money started flowing into altcoins like Cardano. A similar pattern seems to be forming now.
Related: Arthur Hayes Conn…
The post ADA Price Outlook Hinges on Breaking $3 Psychological Resistance Level appeared first on Coin Edition.
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ADA Price Outlook Hinges on Breaking $3 Psychological Resistance Level
- Bitcoin breaks from stocks, behaving more like a safe-haven asset.
- Cardano mirrors its last cycle, gaining trader attention fast.
- ADA price tracks global money supply, hinting at bullish momentum.
The crypto market is entering an interesting phase, with Bitcoin once again breaking away from its traditional correlation to tech stocks and equities. While it previously moved in step with assets like the Nasdaq 100, Bitcoin is now acting more like a safe-haven asset—driven by its limited supply, global uncertainty, and weakening confidence in U.S. monetary policy.
Altcoins are also surging and Cardano (ADA) particularly seems set for a big move. When analysing how Cardano performed in its last market cycle, there are clear similarities showing up again — and that has caught the attention of crypto traders.
ADA Echoing Past Rally Setup?
One of the strongest signals is how ADA’s price movements are following global money supply trends, much like they did before its last major rally. Back then, gold prices topped out, and soon after, money started flowing into altcoins like Cardano. A similar pattern seems to be forming now.
Related: Arthur Hayes Conn…
The post ADA Price Outlook Hinges on Breaking $3 Psychological Resistance Level appeared first on Coin Edition.
Read More