$ADA $ADA

ADA/USD Technical Analysis – 29th November 2024

Cardano (ADA) is currently trading at 1.0557, maintaining a solid position in the market despite recent fluctuations. This price level presents a key opportunity for traders, as ADA finds itself at a pivotal point, facing both support and resistance levels that could determine its next move.

Key Support: 1.0500

Key Resistance: 1.0700

ADA is holding strong above the 1.0500 support, a level that has proven resilient in recent trading. A bounce here could lead to a move toward 1.0700, the next significant resistance. If the price breaks above this level, it could signal further bullish momentum, with targets extending beyond 1.0700.

Entry Strategy:

Long: Enter near 1.0500 for a potential move toward 1.0700.

Short: A drop below 1.0500 could open the door for a deeper pullback, targeting the 1.0400 zone.

With ADA hovering near critical support, now is the time to watch for a potential breakout or a retest of lower levels. Keep an eye on these levels to take advantage of the next market shift!

#ThanksgivingBTCMoves #AIAndGameFiBoom #BinanceBNSOLPYTH #BitwiseFiles10ETFs #Write2Earn!