$ADA Cardano (ADA) Analysis
ADA finally broke the resistance at 46 cents and is currently looking primed to move towards 60 cents next. The price increased by 7.5% this week.
The 46 cents level was not yet confirmed as support and this could take place as buyers and sellers test their strength. The overall bias on this action is bullish, but continuation is needed to be confident ADA could retest the breaker block then move higher.
Looking ahead, the momentum favors bulls in the coming days, but don’t dismiss a possible pullback to grab liquidity around 43 cent.
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