Hey Binance family! 👋
Let's talk Cardano (ADA)!
Remember Our Predictions?
Way back when ADA was trading at $0.37, we predicted a price surge above $1.20. And guess what? ADA reached $1.30! We also told you to expect a retracement to $0.80, and that's exactly what happened. You can find all our predictions in our previous article.
So, What's Next?
Now, the big question is: where is ADA going next?
Let's Analyze!
We're looking at the daily timeframe. After reaching a local high, ADA triggered a sell signal, resulting in a -40% drop.
But here's the good news! The drop was stopped at a key Fibonacci level (0.5). This is a strong signal that the correction might be over.
What's the Target?
Based on our analysis, we expect ADA to reach $2.50 to $3.50 in January and February 2025.
Let's Go, ADA!
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.