CARDANO ADA - Highest Close Since January! Major Week! This Breach Could Ignite a 25% Surge!

Added: 2026-05-11

[00:00:00]While the market is looking more and more fun day by day. Even though we're seeing a little bit of red here to begin the day so far. We've had a very good start to the week. We got a bit lively later on on Sunday. We actually saw ADA have the highest weekly close it's seen since January. All these things are continuing to look very good, very sustainable. Obviously, it still depends on the news.

[00:00:22]Which there is quite a bit of news to get to in this video. So, we're going to dive in. Again, if you're new or haven't already, make sure you like, comment, subscribe, show your support for the channel down below. Let's take a look at this because what we're consistently seeing here for ADA and many other assets in the in the crypto space is big green, small red. Big green, small red.

[00:00:40]So, even the days of negativity and uncertainty, they haven't been that uncertain as of late.

[00:00:46]And that's allowed us to extend, to break out of trend, to actually again, like I talked about, see the highest weekly close we have seen since January, which is a really big deal.

[00:00:56]What we did see now over the course of the last week is ADA come up, test that 20-week moving average, and get a rejection off of that. Now, this is the most important point for ADA here because if it does get rejected off here, we're obviously probably going to see more more downside. We've seen that in bear markets in the past. But if this does break through here, this is probably the start of again of a bigger counter-trend rally. We're you know, starting to target that 35-cent range like we talked about. Just take a look back here in the prior bear markets. You guys can see all the way back here in basically August, September of 20 22, rejections off of that 20-week moving average. Didn't get a sustained breach above this until basically January of 2023, which we did in fact see ADA get a bit lively. Bigger counter-trend rally, the biggest biggest one we had at the time during the bear market, right? Actually, it was I think that was the biggest one we saw during the bear market. So, this could be a week that turns into something very good for ADA. Obviously, it's still going to depend on the news.

[00:01:55]It's still going to depend on BTC. Just to kind of show everybody where BTC is at. Um we did get a bit lively yesterday. We saw BTC breach 82K, broke out of trend to the upside. All that was looking really good. Of course, you know, we got squashed down a couple times on some of the some of the news, some of the announcements. Um obviously Iran came back with their their um rejection of the US proposal. That obviously caused, you know, some red in the afternoon. But, you know, we're what we really don't want to see here is obviously we don't want a you know, big old head and shoulders building for BTC on the shorter term time frames. But, um that's that's not really what I wanted to get into in this video. But, what we're seeing again is BTC um just really pushing against that 200-day moving average, pushing against the trend. So, you're watching the [clears throat] market want to break up. Uh it wants to blow through some of these shorts and liquidate them to the upside. In fact, just taking a look at the last 24 hours, you guys can see $241 million in shorts liquidated versus $165 million in longs liquidated. So, we're already starting we're already starting to see that volatility like we talked about. And we again still have a lot of big events taking place this week. We have obviously the uh CPI report on Tuesday.

[00:03:06]We have the PPI on Wednesday. We have the Clarity Act voting on on Thursday in the Senate Banking Committee. There's something else taking place uh Thursday and Friday, which we will get to in just a moment here. But, um BTC [clears throat] dominance still riding that that 20-day moving average.

[00:03:22]Again, we're waiting for that breakdown.

[00:03:23]So, th- this could be a week that again gets very lively for the crypto market.

[00:03:27]And hopefully it's on the positive side.

[00:03:29]Volume is already up over 100 billion uh just over the last 24 hours. So, again, I would expect that to become again a a sizable volume week. It really once we kick into Tuesday and Wednesday's news.

[00:03:41]All right? Now, that being said, let's let's take a look at a couple of these things. So, Iran [clears throat] just responded to the US uh deal proposal per the Wall Street Journal. Rejected dismantling its nuclear facilities, wants nuclear issues negotiated over the next 30 days proposed transferring some of uranium to a third country. Now here's the thing is they had more responses beyond this. They want the US out of the region. They want obviously control of basically everything going on with with Hormuz and you know all that stuff all the local infrastructure, right? And Donald Trump responded, you know, I've read the response from Iran so called representatives. I don't like it totally unacceptable. Thank you for your attention to this matter. So we're at in a an impasse if you will. So I'm sure we will get more announcements [clears throat] as the the week goes on.

[00:04:30]Again, hopefully this doesn't lead to any negative surprises in the market.

[00:04:33]We've talked about obviously how that impacts us. We have seen oil trend higher today so far start the week off green. We've also seen stock futures open up red. Many foreign markets have opened up red as well. So you are seeing the impact again of that instability but crypto is choosing just a little bit different of a path in the rest of markets right now. Something else that I thought was really big. President Trump says he won't let big banks sabotage the clarity act ahead of the historic May 14th crypto showdown. So love to see that support obviously he has he has talked about this before.

[00:05:10]He's very much in support of this. He doesn't want the banks to have control that which you know is very big for the industry. Again, this is a major piece of legislation that if done wrong could be obviously catastrophic for us.

[00:05:22]Now something else worth noting here that we did not talk about before is that on May 14th and 15th Donald Trump is going to be meeting President Xi Jinping in Beijing. So the crypto world has said this is one of the most important summits ever and right now obviously there are still some higher tensions between the US and China. So hopefully some some good discussions take place. Hopefully obviously China helps with obviously opening the Strait of Hormuz or provides good ideas. Obviously, nobody knows what what's going to come of this, but you know, you love to see those relationships growing stronger over time rather than breaking down. So, um I will say that, you [clears throat] know, despite this week having been as green and positive as it has been or as it was, we're still only in a neutral place in the crypto market. It's not euphoric.

[00:06:13]It's not insanely overbought even average crypto RSI remains out of the overbought range. So, we watched ADA reclaim $10 billion market cap. We've climbed back up to the 11th spot in all of crypto. We're getting very good volumes, 3/4 of a billion dollars in trading volume over the last 24 hours. And what's even I think more exciting about this is if we look over the last 7 days, you know, ADA in the top 20 assets it has had one of the better weeks. I mean, I think it's third overall, fourth overall?

[00:06:44]Yeah, fourth overall. Cuz you had Toncoin with that 68.71% week, Zcash up 39.3%, Solana up 13%, and ADA up 12.3%. So, we're at a time where again, when the market gets lively, when it gets exciting, ADA is outperforming.

[00:07:00]That's what it tends to do. And I have more to talk about that in a later video, but I wanted to share that with you guys. I appreciate as always. Just hope for good news this week. Hope for sustainability. We got to have some of that capital continue to rotate into the markets. Can't let bears and shorts get too confident, but we'll see what happens. Appreciate you. Have a great day. Show your love below. Catch you guys in the next one. Take care.