📈 Analysis and Prediction (ADA and TIA):

😘 #ADA/USDT - The weekly timeframe indicates that Cardano's price has been rapidly rising since October. The culmination of this upward movement was reaching a maximum of $0.68 in December 2023, marking a new yearly high. Despite the growth, #ADA failed to break through the long-term horizontal resistance area. Instead, the price formed five consecutive long upper wicks, considered signs of selling pressure. After a month-long decline, the token found support and is attempting to break above the long-term resistance area again. Forecast: The daily timeframe presents a bullish picture. The chart shows that on February 8th, ADA broke through the descending resistance line, initiating an upward movement. This breakout was accompanied by the RSI index rising above 50, reinforcing the price movement. The most likely scenario within Elliott Wave analysis also supports continued growth. It suggests that ADA is in the fifth and final wave of a bullish structure, which began forming in June 2023 (white color). If this calculation is correct, the first potential target for the peak is at $0.83 (Fibonacci level 1.61 of the external correction of the fourth wave). This target is 45% higher than the current price.

💹 #TIA/USDT - TIA's price has been rising since January 23rd, bouncing off the horizontal support zone of $15 (green marker). By February 10th, the price reached a new all-time high of $21.15. Since then, TIA's price has slightly declined but is trading within the horizontal area of $19.30 (the region of the previous all-time high). Osmosis noted that #TIA staking has been profitable this year, with liquidity providers generating over $100,000 in commissions over the last week. The daily Relative Strength Index (RSI) is sending a positive signal, rising and staying above the neutral 50 mark, indicating a bullish trend. If the altcoin resumes its growth, it could strengthen by an additional 27%, reaching the next resistance level at $24.40.

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