ADA has finally snapped the $1 barrier and has tapped the $1.191 top following a four-day parabolic bull run. However, the cryptocurrency has retraced to the $1.100 support area, as bulls ran out of steam near the $1.200 resistance.
That said, the seventh-largest cryptocurrency has put the 100 EMA below it, securing a goodish bias despite the recent retrace. As we head into the weekend, I expect a mild bearish continuation towards the $1.050 support. After that, I expect to see a bullish rebound to the $1.200 - $1.250 range.
Meanwhile, our resistance levels are $1.150, $1.200, and $1.250, and our support levels are $1.100, $1.050, and $1.000.
Total Market Capitalization: $2.01 trillion
Cardano Market Capitalization: $38.4 billion
Cardano Dominance: 1.9%
Market Rank: #7
That said, the seventh-largest cryptocurrency has put the 100 EMA below it, securing a goodish bias despite the recent retrace. As we head into the weekend, I expect a mild bearish continuation towards the $1.050 support. After that, I expect to see a bullish rebound to the $1.200 - $1.250 range.
Meanwhile, our resistance levels are $1.150, $1.200, and $1.250, and our support levels are $1.100, $1.050, and $1.000.
Total Market Capitalization: $2.01 trillion
Cardano Market Capitalization: $38.4 billion
Cardano Dominance: 1.9%
Market Rank: #7