📈 Analysis and Prediction (ADA and PAAL):

👍 ADA/USDT - The weekly timeframe indicates that the price of #cardano has been rapidly rising since October. Currently, it is in the process of forming the eighth consecutive bullish weekly candle. The culmination of this upward movement was the achievement of the $0.50 mark, a new yearly high and the highest #ada price since September 2022. Additionally, the rise led to a breakthrough above a long-term horizontal resistance area that had held for 430 days. Forecast: The daily timeframe supports the continuation of ADA's growth, thanks to wave analysis and RSI movement. At the moment, the price of the asset is presumably in the third wave of a five-wave upward movement. Since the length of the third wave is 2.61 times greater than the length of the first wave, a possible target is at the $0.70 level. To reach this target, Cardano must add 40% to its price. The daily RSI, in turn, rebounded from the bearish divergence trendline and is moving upward.

🚀 PAAL/USDT - PAAL's price has been rising since September 15. The culmination of this upward movement was a new all-time high of $0.22, reached on November 20. Starting from October until the achievement of the all-time high, the Relative Strength Index (RSI) formed a bearish divergence. After this, the altcoin fell by 50%, confirming the Fibonacci 0.5 level as support. Currently, #paal is attempting to break out of the $0.16 resistance area. If successful, the asset's price could grow by 90% to the next resistance level at $0.29. However, a drop below the $0.16 area would nullify the bullish forecast and trigger a 26% correction to the nearest support level at $0.11.

📊 Share your thoughts on these analyses with others!