The price of ADA is going up. Do you think it will reach $1?

Long

Cardano / TetherUS (BINANCE:ADAUSDT)

BINANCE:ADAUSDT Cardano / TetherUS

ADAUSDT
Point 0.7929: This is a crucial support level that the ADA coin price is currently approaching.

Volume Increase: The trading volume of the ADA coin is increasing, indicating a growing interest in this cryptocurrency.

RSI: The RSI indicator is approaching the overbought zone, suggesting that it is overbought.

Conclusion:

Considering the mentioned factors, it seems that the ADA coin is suitable for long positions in the daily timeframe. However, keep in mind that this is just an idea, and before any trading, you should do your own research and use proper capital management.

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