Hi friends 💰
On the daily time frame, the price resumed its upward trend after supporting at $0.24 and entered an ascending channel, ADA is still testing its $0.42 resistance, if it can break the Break the $0.42 resistance to the upside, the next targets are expected to be $0.44 and $0.46.
If the bottom of the ascending channel is broken, the price will suffer and finally the price is expected to fall to the levels of $0.37 and $0.35 in the short term.
Note: There is a lot of liquidity above the level of $0.44 due to the presence of two peaks (pivot) or the Double Top pattern, and the price is predicted after collecting liquidity above the level of $0.44. bearish zone and enter the price correction phase. (scenario with low probability)
Note: On the 26th of February 1401, at 1:14 am Tehran time, an important hard fork is going to be done on the Cardano network. The actions that are supposed to be done in this hard fork include: quick verification of signatures, reducing the volume of signatures, resistance to certain types of cryptographic attacks and...
According to the Utodi site, this upcoming hard fork is simpler than Wasil's hard fork and has less impact on existing decentralized applications.
Arztoday Team 💙
Analyzer ✍: AR.Rashidi
On the daily time frame, the price resumed its upward trend after supporting at $0.24 and entered an ascending channel, ADA is still testing its $0.42 resistance, if it can break the Break the $0.42 resistance to the upside, the next targets are expected to be $0.44 and $0.46.
If the bottom of the ascending channel is broken, the price will suffer and finally the price is expected to fall to the levels of $0.37 and $0.35 in the short term.
Note: There is a lot of liquidity above the level of $0.44 due to the presence of two peaks (pivot) or the Double Top pattern, and the price is predicted after collecting liquidity above the level of $0.44. bearish zone and enter the price correction phase. (scenario with low probability)
Note: On the 26th of February 1401, at 1:14 am Tehran time, an important hard fork is going to be done on the Cardano network. The actions that are supposed to be done in this hard fork include: quick verification of signatures, reducing the volume of signatures, resistance to certain types of cryptographic attacks and...
According to the Utodi site, this upcoming hard fork is simpler than Wasil's hard fork and has less impact on existing decentralized applications.
Arztoday Team 💙
Analyzer ✍: AR.Rashidi
