Cardano can continue to rise up to 0.42

BINANCE:ADAUSDT   Cardano / TetherUS
Hi everyone,

Cardano managed to break 0.35 resistance level and hold above it. Moreover it managed to rise up to local resistance at 0.38 price. At the moment ADA is trading in a narrow price range of 0.37 - 0.39.

For the past 4 weeks Cardano price increased on 60% and it has a good chance to continue to grow.

Next big resistance level for Cardano located at 0.42 price and it has good chance at least touch it but in order it to happen Bitcoin price should remain at the same levels and avoid big drops.

In case of correction on Cardano I expect that price will drop in 0.35 - 0.33 price range and after that can continue to rise.

Please, do not forget to boost this idea & share it with your friends; thanks.
Cardano almost reached my next target at 0.42 but then dropped back under 0.38 price.
So far ADA didn't manage to hold above 0.38 price and always drops back under it.
There is still chance that Cardano can continue to grow but it all depends on Bitcoin price action.
After touching support line at 0.35 price Cardano again on the rise.
There is a good chance that Cardano will reach 0.42 level on this week.
Cardano is trading above 0.38 level and this is good news for the bulls.
ADA is fighting to break 0.40 level but unsuccessfully so far.
Anyway Cardano looks bullish and there is good chance that it can reach 0.42 level.
Cardano price falls under 0.38 level.
Now 0.35 support level will be crucial for the bulls.
In case if price drops under 0.35 then we can expect stronger correction up to 0.3 level.
Cardano price finally reached 0.42 level.

✅ FYBIT exchange. I recommend. No KYC, available in all countries.
🔥 My Twitter -
▶️ Telegram -

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.