- Cardano rejected a supply zone and fell directly into a liquidity pocket formed by equal lows
- Those equal lows may act as a trap rather than support, with a demand zone sitting just beneath
- ADA could bounce from demand and revisit the previous supply—but it all depends on how Bitcoin moves
Last time we talked about Cardano, it was sitting right on a supply zone that looked ready to spark a drop.
There was clear liquidity sitting just beneath—those juicy equal lows retail traders love to call “support.”
Guess what?
The market did exactly what it was built to do. Price rejected the supply and dropped straight into those equal lows like a magnet.
A textbook move that once again proves the same story: the price doesn’t move randomly. It goes where the money sits.
Now, things get interesting. Zooming out, the situation gets a bit messier.
Let’s be real—Cardano is an altcoin, and when it comes to real control, it’s still Bitcoin that holds the reins. So if you haven’t yet, go check out our latest Bitcoin price prediction—because if BTC sneezes, ADA catches a cold.
But let’s go back to ADA.
On the H4 chart, we’ve got those two equal lows still in play.
People are probably buying off them right now, thinking they’re safe support. The truth? They’re more like bait. And just beneath those lies a fresh demand zone.
If price sweeps those lows, taps into that demand, and finds enough momentum—well, we could see a strong reaction. That could be the kind of bounce that pushes us back up into the last supply left behind.
Of course, nothing here is guaranteed.
I always say it, and I’ll say it again: we don’t trade certainties, we trade probabilities. The market does what it wants. These scenarios? They’re possible, even likely—but not 100%.
WEEX is currently running one of the strongest welcome offers out there: 20% deposit bonus & Up to $30K in trading rewards. If you’re going to trade anyway, why not get rewarded like this?
