Price forecast for $ADA : support at $1.04 must hold
Cardano's price formed a golden cross on January 3, when its short-term EMA line crossed above the longer-term lines. If this momentum continues, ADA may continue to rise and test resistance at the $1.12 level.
A successful breakout and consolidation above this level will open the way for further growth with targets at $1.18 and $1.24. However, despite the bullish EMA lines, recent price dynamics show that ADA may face a pullback. If the support level of $1.04 does not hold, the altcoin will be looking for a correction towards $0.949 or $0.85. #Binance250Million