When life pauses and there is silence in the mind, we are often thinking of our life situation. Usually, this silence gives birth to actions that begin the known phase of life. Something similar is happening now in the ADA market. If you analyze the weekly timeframe, market participants stopped in a fairly narrow range of $2.05-$2.3. The trading volumes have fallen drastically and buyers are not interested in <a href="https://www.cryptoknowmics.com/news/ada-technical-analysis-price-successfully-broken-recent-high-at-1-96-awaits-a-crucial-resistance-of-2-47/">changing the situation</a> in the ADA market.

<img class="alignnone" src="https://s3.tradingview.com/snapshots/c/CJa8sHjW.png" alt="ADA" width="1538" height="875" />

<a href="https://www.tradingview.com/x/CJa8sHjW/">https://www.tradingview.com/x/CJa8sHjW/</a>

However, the initiative side now is sellers. The gradual decline in trading volumes near an important liquidity zone indicates an unwillingness to continue to put pressure on the price. It seems that after an unsuccessful attempt to aggressively lower the price at the end of September, sellers ran out. If this hypothesis is true, then there is now a set of positions for a new growth wave by buying the rest of the sellers at local lows. In this case, buyers can not allow the ADA price to fall below $2. If sellers fail to update the local low this week ($2.07), it will be a strong signal to buy the ADA with the first target of $2.7.
<h2>Technical Analysis of ADA in the Daily Timeframe</h2>
<img src="https://s3.tradingview.com/snapshots/9/9H0bYaEP.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/9H0bYaEP/">https://www.tradingview.com/x/9H0bYaEP/</a>

Analyzing the movement of the ADA price on the daily timeframe, you can see the consolidation within a symmetrical triangle. This consolidation triangle was formed after sellers took control of the $2.27-$2.37 range. On the chart, we see that on 7 September, sellers made great efforts to pass this range. However, sellers managed to finish on 21 September.

If buyers during the next local wave of growth will not be able to break this triangle up and take control of $2.27-$2.37 — it will mean their total weakness. Fixing the ADA price below this range will give all the prerequisites to continue falling, with the first target of $1.73. Such a scenario will be possible only in the event of a total collapse of the BTC market.
<h2>The ADABTC Price Reaches the Liquidity Range</h2>
<img src="https://s3.tradingview.com/snapshots/t/t3VYhJuv.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/t3VYhJuv/">https://www.tradingview.com/x/t3VYhJuv/</a>

Total aggressive downtrend. Briefly about the ADABTC price chart <a href="https://www.cryptoknowmics.com/news/cardano-ada-technical-analysis-is-there-a-chance-of-falling-by-1/">starting</a> from 25 September. What will prevent ADABTC price to continue the fall, given that Bitcoin dominance continues to grow? The fact is that now the price is close to the liquidity zone, from which the ADABTC price shot up in August by almost 100%. Given this fact, the probability of breaking this range without a 40% rebound is unlikely. Therefore, while the range 0.00003-0.000032 is under the control of buyers, the ADA market rebound scenario remains the main one.

Cardano (ADA) Technical Analysis: Did Sellers Give Up?

Analyzing the movement of the Cardano (ADA) price on the daily timeframe, you can see the consolidation within a symmetrical triangle.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

Cardano (ADA) Technical Analysis: Did Sellers Give Up?

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