🚨 $ADA Ready to Break $1? Here’s the Latest Analysis!
The price of $ADA (Cardano) is currently around $0.82, after touching $0.88 in the last week. Many are starting to ask: “Is this the time to buy, or should we wait for a correction?”
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🔍 Brief Technical Analysis:
• The trend is still bullish, as the price is above MA50 & MA100.
• Strong support: $0.80
• Main resistance: $0.90 – if it breaks, the potential to reach $1.00 increases!
• RSI is in the neutral zone (around 55), meaning it is not yet overbought and still has room to rise.
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🎯 Strategy for Traders:
✅ Bullish Scenario:
If the price breaks and holds above $0.90 → can take a LONG position, targeting $1.00–$1.10
SL: $0.87
📉 Correction Scenario:
If the price fails to break $0.90 and returns to $0.80 → consider Buy on Dip
Tight SL below $0.79
