Cardano continues to perform despite yesterday’s pullback.
Key Support levels: $0.46
Key Resistance levels: $0.60, $0.82
With buyers back in control, ADA appears ready to break the current resistance at 60 cents. Yesterday’s pullback was shallow and quickly absorbed by buyers, which continue to dominate.
Chart by TradingView
Last week’s buy volume was the highest it has ever been since 2021. Another week like that, and ADA could quickly see itself approaching the next target at 82 cents.
Chart by TradingView
The daily MACD is in a clear bullish trend, and continuation appears most likely. ADA wants to move higher, but it has to break the key resistance first.
Chart by TradingView
The bias for ADA is bullish.
A breakout appears likely, considering the current momentum. If successful, ADA can quickly move to 82 cents next.
The post ADA Up 47% Weekly: How High Can It Go? (Cardano Price Analysis) appeared first on CryptoPotato.
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