Crypto Crow Updates ADA Outlook Near $0.29

Crypto Crow has narrowed the market scenario he presented several days earlier by adding specific levels for Cardano and Bitcoin. During his latest livestream, he said Cardano could continue toward $0.28 to $0.29 before an anticipated Bitcoin reversal affects the broader crypto market.

Cardano Approaches the $0.29 Area

Crow described ADA’s recent advance as strong but identified the area between $0.28 and $0.29 as its next major test.

His initial estimate placed the potential move near $0.28. He then marked approximately $0.288 as the level above which he would want to see a close and the formation of a new higher high.

Crow does not expect an immediate and sustained breakout. Under his scenario, Cardano could approach or briefly test the resistance before following Bitcoin into a wider market correction.

He connected that uncertainty with his decision to close a profitable long position. Crow reported making approximately $3,000 on the trade and chose to secure the gain while prices approached the area where he expects the market direction to change.

Bitcoin Pattern Points to a Bull Trap

Bitcoin was trading near $86,000 during Crow’s analysis. He continues to compare its daily chart with the price structure that developed between late 2022 and early 2023, focusing on the sequence of selling pressure, bottom formation and recovery toward resistance.

Crow does not expect the previous percentage gains or price levels to repeat exactly. He said current liquidity conditions and the larger amount of capital in the market make a direct price comparison unreliable. His analysis instead follows the structure and timing of the daily candles.

A move matching the earlier percentage increase would place Bitcoin close to $93,000. Crow considers $88,000 to $89,000 more consistent with the current chart and continues to treat that area as a possible local peak.

He described the developing move as a potential bull trap. Further upside could attract buyers and strengthen expectations that the correction has ended before Bitcoin reverses toward approximately $72,000 to $74,000.

Crow said he could commit more of his remaining capital if Bitcoin reaches approximately $74,500. He believes a return to that area could represent the last time the asset trades at those prices before a stronger continuation of the wider market cycle.

He is not opening a short position solely because the historical pattern remains aligned. Crow wants additional confirmation, potentially including an M-shaped double-top formation and clearer evidence that the current advance is losing momentum. During the livestream, he estimated that the reversal could begin within the following 24 to 48 hours.

Long-Term Cardano Exposure Remains Unchanged

The possibility of a short-term correction has not changed Crow’s longer-term Cardano position. He confirmed that 100,000 ADA remains committed as the pledge for his stake pool and that he has not moved those funds for years. He also holds an additional amount outside the pool.

Crow referenced his position among Cardano’s largest DReps and said he has no intention of leaving the ecosystem. He continues to view Cardano as a possible breakout asset that could surprise parts of the wider crypto market over the next year.

Midnight remains his second-largest portfolio position by dollar value, behind Bitcoin. Crow said his first substantial purchase of the Midnight token was made near $0.05 and that subsequent purchases reduced his average entry price to approximately $0.028.

The updated scenario now defines the levels behind Crow’s next market decisions: Cardano near $0.288 to $0.29, a possible Bitcoin peak around $88,000 to $89,000 and a later Bitcoin correction toward $72,000 to $74,000. Crow secured the reported profit before that potential reversal while keeping his longer-term Cardano and Midnight positions open.