What will the price of Cardano be on November 26?
The price of Cardano (ADA) has fallen below the $1 mark, dropping over 7% in the last 24 hours. Now it is trying to push into the "golden pocket" range of $1.12 to $1.23, but it's a bit difficult.
Some say this "golden pocket" is a key position with significant resistance. If Cardano can't break through, the price will likely linger here for a while. However, if it breaks through, the next target will be around $0.76.
In the short term, Cardano's price has corrected, and now we need to see if the support level at $0.97 can hold. If it doesn't hold, the next support level is at $0.94. There is also a short-term support zone between $0.88 and $0.9.
If Cardano drops further, we need to keep an eye on $0.84 and the range of $0.76 to $0.77. These levels are critical and might bounce back.
On the upside, Cardano will face resistance around $1.15 to $1.17, with the biggest resistance still being that "golden pocket" area. It can only continue to rise if it breaks through.
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