Cardano's Relief Rally: Sustained Growth or Short-Term Spike? #Cardano (ADA) recently experienced a brief moment of optimism following the announcement that the Chicago Mercantile Exchange (CME) will launch ADA futures products. While this institutional milestone sparked a relief rally, technical indicators suggest the upward momentum may be fleeting. Despite the positive news, Cardano's long-term market structure remains firmly bearish. The asset has struggled significantly since mid-January, losing roughly 34% of its value in tandem with a broader market downturn. While bulls successfully defended the critical support level at $0.267, the weekly chart reveals a persistent downtrend that has been in play since late 2024. Price Prediction and Outlook Technical analysis indicates that the bullish divergence between the Relative Strength Index (RSI) and price action is nearing exhaustion. Analysts predict a brief test of the 78.6% Fibonacci retracement level at $0.287 before the primary downtrend resumes. If the rally fails to break psychological resistance at $0.30, ADA is expected to retreat toward the long-term demand zone of $0.22. While a surge in Bitcoin could temporarily push ADA toward $0.35, the prevailing sentiment suggests that for long-term investors, the “bottom” may still be weeks or months away from forming. Caution remains the operative word for Cardano traders.
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