All crypto pairs are expected to touch back again to their previous yearly high. As we are heading towards the holidays season we can see low volume within the market. We can expect price to continue growing in coming weeks, use accurate risk management.
📈LONG: $ADA (4H)
#ADAUSDT | #ADA | #Cardano
Current Price $0.93
Market Cap $33.40B
Change 1h +0.39% | 24h +7.45%
4-Hourly Indicators:
• RSI: 53 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 0.92 - Trading Above 🟢
Analysis:
The chart shows a breakout from a downtrend, signaling potential upward momentum. With low holiday volume, prices might rise towards previous highs. The accumulation phase suggests growing buyer interest, so risk management remains crucial to navigate potential volatility.
Price Targets:
Look for an initial target at $1.00, and if buying pressure continues, aim for $1.25. Keep a close eye on support at $0.85 to ensure you're protected if things change. Enjoy the ride, but stay alert!
Cardano's community
