#ChristmasMarketAnalysis
To analyze the support and resistance levels for Cardano (ADA) on December 24, 2024.
Here is the analysis for today's $ADA .
Current Support and Resistance (approx.)
1. Key Support Levels:
$0.90: A psychological level that has acted as a cushion in recent trading sessions.
$0.85: Historically significant as a stronger support zone.
$0.78-$0.80: Deep support in case of significant bearish momentum.
2. Key Resistance Levels:
$0.95: Immediate resistance as ADA attempts to break out.
$1.00-$1.05: Strong psychological and technical resistance.
$1.20: A breakout level from previous consolidations.
Technical Indicators
If the price stays above $0.90, the trend remains stable.
Breaking above $1.00 may signal bullish momentum.
Falling below $0.85 could open the door to further downside.
Note that the Christmas and Newyear Holidays begins and some won't interested in crypto trading this time. Investment in crypto will likely to fall.
DYOR before you trade and maintain the portfolio .Merry Xmas 🎄 .