Cardano (ADA): Testing Major Resistance
🩸 Long: Above $1.10, aiming for $1.15 and $1.20 as bullish targets.
🩸 Short: Below $1.00, targeting $0.95 and $0.90 for potential downside.
🩸 Resistance: $1.10. Breaking this level signals further upside to $1.15 and $1.20.
🩸 Support: $1.00. Falling below exposes $0.95 and $0.90 as critical support levels.
🩸 Analysis: Cardano has rebounded strongly and is approaching key resistance at $1.10. The MACD is turning positive, signaling potential bullish momentum. However, volume confirmation is crucial for a sustained breakout. Failure to hold $1.00 may result in a pullback toward lower support zones.
👑 "Strength lies in patience—those who wait seize the rewards."
🩸 Short: Below $1.00, targeting $0.95 and $0.90 for potential downside.
🩸 Resistance: $1.10. Breaking this level signals further upside to $1.15 and $1.20.
🩸 Support: $1.00. Falling below exposes $0.95 and $0.90 as critical support levels.
🩸 Analysis: Cardano has rebounded strongly and is approaching key resistance at $1.10. The MACD is turning positive, signaling potential bullish momentum. However, volume confirmation is crucial for a sustained breakout. Failure to hold $1.00 may result in a pullback toward lower support zones.
👑 "Strength lies in patience—those who wait seize the rewards."
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