{"id":819126,"date":"2025-01-12T04:11:51","date_gmt":"2025-01-12T10:11:51","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/12\/cardano-ada-price-prediction-for-january-12\/"},"modified":"2025-01-12T04:11:51","modified_gmt":"2025-01-12T10:11:51","slug":"cardano-ada-price-prediction-for-january-12","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/12\/cardano-ada-price-prediction-for-january-12\/","title":{"rendered":"Cardano (ADA) Price Prediction For January 12"},"content":{"rendered":"
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\"Cardano<\/figure>\n<\/div>\n
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ADA, the native token of the Cardano blockchain, is poised for significant upside momentum after breaking out of a bullish price action pattern on the daily time frame. Following a prolonged price decline in the cryptocurrency market<\/a>, the overall market is recovering, sparking a major rally in ADA and confirming the breakout.<\/p>\n

Cardano (ADA) Price Action and Upcoming Levels<\/strong><\/h2>\n

According to expert technical analysis, ADA has formed a bullish Head-and-Shoulders price action pattern on the hourly time frame. With the recent price recovery, it has broken out of the pattern and closed an hourly candle above it.<\/p>\n

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Source: Trading View<\/figcaption><\/figure>\n

This bullish pattern is often considered a buy signal by traders and investors, as it typically favors bullish momentum. Based on historical price trends, if ADA holds above the $0.95 mark, it could soar by 25%, reaching the $1.24 level in the coming days.<\/p>\n

On the hourly time frame, this upside momentum has further broken above the 200 Exponential Moving Average (EMA), indicating that ADA has turned bullish in the short term.<\/p>\n

On-Chain Metrics Bullish Sentiment<\/strong><\/h2>\n

Observing this bullish price action, traders on Binance have built strong long positions, as reported by the on-chain analytics firm Coinglass<\/a>.<\/p>\n

79% of ADA Traders Are Long<\/strong><\/h3>\n

Currently, the Binance ADAUSDT long\/short ratio stands at 3.75, indicating strong bullish sentiment among traders. Further data reveals that 78.96% of top traders currently hold long positions, while 21.04% hold short positions.<\/p>\n

However, traders seem to be continuously building new positions, resulting in open interest increasing by 9.89% in the past 24 hours.<\/p>\n

ADA\u2019s Trader Over-Leveraged Levels\u00a0<\/strong><\/h3>\n

As of now, traders are over-leveraged at $0.908, where bulls have built significant long positions worth $22.40 million. Meanwhile, short sellers appear to be over-leveraged at the $1.02 mark, with $3.87 million worth of short positions.<\/p>\n

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Source: Coinglass<\/figcaption><\/figure>\n

This liquidation data indicates that traders are strongly bullish, which might explain the substantial bets on long positions.<\/p>\n

Current Price Momentum\u00a0<\/strong><\/h3>\n

Currently, ADA is trading near $0.999 and has experienced an upside momentum of over 7.5% in the past 24 hours. Despite the shift in market sentiment and the breakout, ADA\u2019s trading volume has dropped by 44% during the same period, indicating lower participation from traders and investors.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

ADA, the native token of the Cardano blockchain, is poised for significant upside momentum after breaking out of a bullish price action pattern on the daily time frame. Following a prolonged price decline in the cryptocurrency market, the overall market is recovering, sparking a major rally in ADA and confirming the breakout. Cardano (ADA) Price<\/p>\n","protected":false},"author":1,"featured_media":819127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25047,4759],"tags":[],"class_list":{"0":"post-819126","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cardano","8":"category-price"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/819126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=819126"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/819126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/819127"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=819126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=819126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=819126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}