Cardano (ADA)
ADA managed to close this week in the green, albeit with only a 2% gain. Still, the support at $0.15 has been reconfirmed, and this cryptocurrency has a good shot at moving towards $0.20. Eventually, the $0.23 resistance must be reclaimed to turn bullish.
Because the most recent push higher has been on low volume, this shows buyers remain weary and will need to see more gains before they gather sufficient confidence to step up their presence on the orderbook.
Looking ahead, Cardano may be about to exit a very difficult period between 2025 and 2026 when the price went from $1.2 to $0.14. To do that, ADA will have to hold above $0.15 and aim for $0.23 next.
ADA managed to close this week in the green, albeit with only a 2% gain. Still, the support at $0.15 has been reconfirmed, and this cryptocurrency has a good shot at moving towards $0.20. Eventually, the $0.23 resistance must be reclaimed to turn bullish.
Because the most recent push higher has been on low volume, this shows buyers remain weary and will need to see more gains before they gather sufficient confidence to step up their presence on the orderbook.
Looking ahead, Cardano may be about to exit a very difficult period between 2025 and 2026 when the price went from $1.2 to $0.14. To do that, ADA will have to hold above $0.15 and aim for $0.23 next.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.