The latest trading opportunities: analysis of the price of the crypto Cardano (ADA) and the stock Jio Financial Services (JIOFIN)

In this article, we explore the trend of the price of two very interesting securities: the cryptocurrency Cardano (ADA) and the stock Jio Financial Services (JIOFIN).

Both come from a few weeks of bearish price action, but they could reverse their trajectory shortly, offering excellent trading opportunities.

Let’s see everything in detail below.

The price of Cardano (ADA) is close to a restart

Cardano (ADA) is one of the most watched cryptocurrencies currently by investors, given its explosive price potential. Certainly, the longest-standing in this sector will remember the performances that Cardano offers its holders with each bull market cycle, with numbers in double/triple-digit percentages.

In recent weeks, this cryptocurrency has been the protagonist of a series of controversial chart movements, characterized by extremely volatile ups and downs. At the beginning of November, under the positive influence of the new Trump administration in the United States, ADA began to pump vertically. In a short time, it printed a growth of +300%, reaching a price not seen since January 2022.

The bullish sentiment, however, lasted very little, as from December onwards the first retracements arrived, which canceled about 60% of the value acquired by the currency.

Now the price of Cardano is at 0.76 dollars, just above the solid support of the EMA 50 weekly that has absorbed part of the latest dump phase. From here the crypto asset presents good probabilities of rising considering the increase in the volume of purchases in the latest sessions and the holding of the key technical support.

According to CoinCodex, Cardano is now projected for a growth phase that will lead it to reach 0.89 dollars by mid-March 2025. The next trading week will be crucial to establish a clearer trend: a weekly close above the 0.80 dollar resistance could confirm the start of a new bull phase, while a return below 0.72 dollars could indicate a structural weakness in the current movement.

Jio Financial Services (JIOFIN) shares aim for growth, but it might still be too early

Another financial stock that could prove to be a short-term speculative opportunity is Jio Financial Services (JIOFIN). We are talking about a company, listed on the National Stock Exchange, that offers a wide range of financial services, including digital payments, insurance brokerage, asset management, and banking products. The JIOFIN stock enjoyed great success during Q1 of 2024, but then experienced a bear phase in the following months.

Now the price of Jio Financial Services is at 228 rupees, down about 32% from the levels of December 2024, victim of a bear attack that has absorbed all the gains recorded in the previous months. In any case, technical analysis suggests that the chart bottom may have already been reached, and from here on there will be a bull progress.

Despite the market not supporting a bullish thesis for this stock, it is still worth noting how a rebound would be at least desirable in a similar context. The weekly volumes remain on average with the previous sessions, while the RSI indicator denotes the presence of an oversold territory. Usually, an unloaded RSI on a weekly time frame indicates a speculative buying opportunity.

Regarding this hypothesis, Jay Thakkar, vice president of ICICI Securities, has intervened, who, while recognizing the chart potential, has chosen to warn investors. According to the expert, the continuous decline of Jio Financial Services ensures that the price dynamic will remain bear for a long time. In particular, the analyst has urged traders to wait and observe the market’s next moves before taking an entry position in JIOFIN shares. Here are his words in a note reported to Business Today:

“There is a brief accumulation in this stock and also many MTS (Margin Trading System) positions. We need to wait and observe until we see a significant bottoming play.”

Price Analysis of Cardano (ADA) and Jio Financial Services (JIOFIN): Timing is Everything in Trading

Based on the price analysis of Cardano and Jio Financial Services, we can deduce that both coins present a concrete opportunity for chart reversal. However, we are talking about a possibility that must be contextualized with the technical signals that will emerge in the upcoming sessions. At this moment, going bull on the two stocks might be a slightly hasty move, given the lack of confirmation.

To succeed in trading, it is essential to understand the importance of timing, meaning the right moment to enter or exit a position. An operation carried out too early, without a clear confirmation from technical signals, can expose you to unnecessary risks, while a late entry could significantly reduce potential profits. Experienced traders wait for the confirmation of a trend before taking a position, using indicators such as trading volume, moving averages, and support and resistance levels. An isolated technical signal is not enough: a convergence of multiple factors is essential to validate an opportunity.

At this moment on Cardano and Jio Financial, not all the conditions are in place to venture a forecast, although leaning towards a greater inclination for a bullish restart scenario. If you are bar bettors, you can try to anticipate the trade and hope it goes well. However, if you are careful analysts, you will know very well that after every strong downturn, before buying the dip, graphical confirmations are needed to justify the creation of a bull position.