ADA Price Pulls Back, But Analysts Remain Bullish on Cardano As SUI and Remittix Go Parabolic

Crypto News

Despite a pullback in ADA’s price, technical setups and on-chain data suggest Cardano remains poised for a bullish continuation.

This pullback is coming days after a crypto analyst, Whales_alert, reported a whale moving over 64 million ADA tokens, worth over 52 million, into a Coinbase wallet.

Source: Whale_alert via X.

Simultaneously, Sui crypto (SUI) indicates a parabolic strength, and some capital flows toward another small-cap altcoin, catching attention called Remittix (RTX).

ADA Price’s Chart and Pullback Overview

Cardano (ADA) recently broke through $0.70, rose above critical EMAs, a move sponsored by the market’s bullish momentum.

The ADA price shows that Cardano (ADA) has formed an ascending triangle below a major resistance at $0.87. This pullback happened after a solid weekly gain of over 16% that ran ADA’s price up to $0.87.

Although ADA pulled back slightly, it trades above the 200‑day EMA and momentum indicators like MACD are bullish. Analysts believe the bullish predictions remain intact as long as the ADA price holds above $0.80–$0.83.

Once ADA can break through the $0.87 resistance, it sets the stage for a push toward $1.00–$1.14. Long-term forecasts believe the ADA price can soar to $2.00 if the broader long-term wedge pattern is broken.

However, this setup can be invalidated if the market reverses and bullish momentum wanes.

SUI Crypto Showing Parabolic Strength

While ADA consolidates, Sui crypto (SUI) shows robust short-term growth. The token surged from $4.00 to above $4.50, with on-chain open interest rising over 19%.

Although Sui crypto (SUI) currently trades at $4.23, analysts predict its gathering momentum will test the $5–$7 resistance zone, provided bullish momentum is sustained.

SUI’s rise has drawn attention from smart-money investors seeking high-potential projects. While some are investing in SUI, they are also eyeing

Remittix (RTX), tagged as a competitor for XRP and Stripe in the payments facilitating industry

Why Remittix Is Stealing the Spotlight

Remittix is a PayFi platform built on the Ethereum blockchain to enable cross-border crypto-to-fiat bank deposits in 30+ countries. It allows users to deposit over 40 cryptocurrencies (across different blockchains), which are credited directly to the recipient’s account.

Remittix’s token, RTX, is tagged “XRP 2.0”, as it is set to compete with XRP and Stripe to become the leading cross-border crypto payment platform. To build trust and transparency, Remittix is audited by CertiK, and liquidity and team tokens are locked for three years.

Why Invest In Remittix?

Full CertiK audit—liquidity pool and team tokens are locked for three years.
Remittix supports over 40 cryptocurrencies and over 30 fiat currencies across the globe.
Wallet coming Q3 with live FX rates.
Mass appeal beyond the cryptocurrency space can be used by freelancers, international business owners, e.t.c

The best time to invest in Remittix’ RTX is now!

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

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Author

Alexander Zdravkov

Reporter at Coindoo

Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.