ADA to 1,50?
Cardano at $1.50?
This is a very promising scenario. I previously conducted an analysis discussing this possibility.
What had to happen did: Cardano corrected in search of liquidity. It dropped to $0.90, where we found a solid support level. Currently, as you can see in the image, the price is testing the $1.15 level, a significant prior resistance.
If this resistance is surpassed, it will be crucial to break the recent "high" of $1.30 seen in the past weeks. From there, we could test $1.47, marking the beginning of our path toward $2.
I congratulate those who managed to trade and buy at $0.90. Even though we're not testing higher levels yet, you're already making a profit.
My personal opinion is that we'll hold above $1.15 for some time, opening a new range between $1.15 and $1.50—an operable range for swing traders.
In summary, there's not much more to add. Keep a close eye on the price to trade efficiently.
This is a very promising scenario. I previously conducted an analysis discussing this possibility.
What had to happen did: Cardano corrected in search of liquidity. It dropped to $0.90, where we found a solid support level. Currently, as you can see in the image, the price is testing the $1.15 level, a significant prior resistance.
If this resistance is surpassed, it will be crucial to break the recent "high" of $1.30 seen in the past weeks. From there, we could test $1.47, marking the beginning of our path toward $2.
I congratulate those who managed to trade and buy at $0.90. Even though we're not testing higher levels yet, you're already making a profit.
My personal opinion is that we'll hold above $1.15 for some time, opening a new range between $1.15 and $1.50—an operable range for swing traders.
In summary, there's not much more to add. Keep a close eye on the price to trade efficiently.
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