Cardano (ADA) on the Move: Updated Analysis! 🚀
Cardano (ADA) price is at $1.11, showing a 6.28% growth over the past 24 hours. The recent buying pressure has led ADA to test important levels, with recent highs of $1.14 and solid support at $1.03.
🔑 Key Levels:
• Resistance: $1.14, a break of which could open the way to $1.20.
• Support: $1.03, a critical zone to maintain the uptrend.
📊 Market Trends:
• Volumes have increased, indicating renewed interest in ADA.
• The RSI is showing signs of close to overbought, which could limit momentum if there is no new catalyst.
Is it time to enter ADA? If resistance is broken, the potential is interesting, but risk management is key, especially with the volatility of the market.
💬 What is your strategy for trading ADA? Share your ideas with me and let's continue to take advantage of market opportunities together!
