Cardano (ADA) has recently shown stable performance, finally finding support around $0.7280 after a significant drop 📉➡️📈. The price has now stabilized above $0.73 and is gradually recovering, breaking through the resistance levels of $0.7450 and $0.7650, with the market improving 🔥.
From a technical perspective, ADA has broken the key bullish trend line at $0.7710, with clear bullish momentum, and the price has jumped to the 23.6% Fibonacci retracement level from the high of $0.8557 to the low of $0.7287. However, the current price is still slightly below $0.80 and the 100-hour moving average, so these levels need to be monitored for resistance in the short term 📊.
The upper resistance level is first seen around $0.7920, followed by $0.80 and $0.8080. If it can successfully break through $0.8080, Cardano is expected to experience a strong rebound, targeting $0.88, and even has a chance to challenge the $0.92 barrier 🚀.
Overall, Cardano is steadily recovering, and investors should pay attention to the support at $0.73 and the resistance at $0.80, flexibly seizing entry and profit opportunities 📈 #ADA #行情分析僅供參考 #加密货币