Cardano (ADA) Price Analysis for February 3
Analysis
Price Impact
MedCardano (ada) has seen a 1% daily fall, aligning with a broader market red zone. however, technical analysis suggests a potential short-term rebound from local support.
Trustworthiness
MedThe analysis relies on technical chart patterns (hourly, daily, midterm) from a single source, which offers a good perspective but should be cross-referenced with other indicators.
Price Direction
BullishOn the hourly and longer timeframes, ada shows potential for an upward move towards the $0.31-$0.32 zone after a false breakout and finding local support. however, the midterm outlook remains bearish if key support at $0.2756 fails.
Time Effect
ShortThe potential upward movement is anticipated for 'tomorrow' and 'the next few days', indicating a short-term effect. the bearish midterm outlook is a longer-term concern.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News All top 10 cryptocurrencies remain in the red zone, according to CoinStats . Advertisement ADA chart by CoinStats ADA/USD The rate of Cardano (ADA) has fallen by 1% over the past day. Image by TradingView On the hourly chart, the price of ADA is going up after a false breakout of the local support at $0.2934. If the bar closes above the resistance, traders may expect an ongoing upward move to the $0.31 zone tomorrow. Image by TradingView On the longer time frame, one should pay attention to the candle's closure in terms of the $0.2992 level. If the bar closes above that mark and with a short wick, there is a chance to see a test of the $0.31-$0.32 zone over the next few days. Image by TradingView From the midterm point of view, the situation remains bearish as the rate of ADA has not bounced off far from the support at $0.2756. You Might Also Like Mon, 02/02/2026 - 16:03 Bitcoin (BTC) Price Analysis for February 2 By Denys Serhiichuk If sellers' pressure continues and the breakout of the mentioned level happens, the accumulated energy might be enough for a more profound drop to the $0.25 area. ADA is trading at $0.2999 at press time. #Cardano Price Prediction