Cardano (ADA) Price Analysis for February 8
Analysis
Price Impact
MedCardano (ada) is up 2% in 24 hours, with a potential short-term move to $0.28 based on hourly chart patterns. mid-term, a bounce from $0.22 support could lead to $0.30-$0.35, suggesting moderate upward potential.
Trustworthiness
MedThe analysis is based on technical chart patterns (support, resistance, false breakouts) from u.today, a known crypto news source. however, technical analysis is subjective and the article itself notes a high likelihood of sideways trading in the short term.
Price Direction
BullishAda has risen 2% in 24 hours. the hourly chart indicates a potential move to $0.28. mid-term, a bounce from $0.22 support suggests a bullish continuation towards $0.30-$0.35 if the weekly close is strong, despite short-term sideways expectations.
Time Effect
ShortThe immediate potential 'price blast' to $0.28 is based on hourly chart patterns and could occur in the very short term. the expectation of sideways trading is for 'the next few days', while the larger move to $0.30-$0.35 is contingent on a 'weekly bar' closing condition.
Original Article:
Article Content:
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 Most of the coins are in the green zone on the last day of the week, according to CoinStats . Advertisement ADA chart by CoinStats ADA/USD The price of Cardano (ADA) has gone up by 2% over the last 24 hours. Image by TradingView On the hourly chart, the rate of ADA is rising after a false breakout of the local support at $0.2694. If buyers' pressure continues, one can expect a price blast to the $0.28 zone. Image by TradingView On the longer time frame, the price of ADA is in the middle of a wide channel, between the support at $0.2436 and the resistance at $0.3034. You Might Also Like Fri, 02/06/2026 - 14:38 BTC, ETH, XRP, ADA and SHIB Price Analysis for February 6 By Denys Serhiichuk As none of the sides is dominating, ongoing sideways trading is the most likely scenario over the next few days. Image by TradingView From the midterm point of view, the rate of ADA has once again bounced off the support at $0.22. If the weekly bar closes far from that mark, bulls may seize the initiative, which may lead to growth to the $0.30-$0.35 area. ADA is trading at $0.2736 at press time. #Cardano Price Prediction