Current price: $0.9258 📈 (+1.92% from yesterday)
🔥 Rocket momentum:
Cardano is witnessing a rocket recovery after breaking the $0.90 barrier supported by new institutional partnerships and a trading volume exceeding $1.29 billion! Is this the start of a bullish wave towards $1? 🚀
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📊 Technical snapshot in 15 seconds:
- Resistance:
- $0.95 (immediate psychological wall) → $1.00 (target for today) → $1.13 (upward channel)
- Support:
- $0.88 (today's low) → $0.84 (strong buying zone)
- Critical indicators:
- RSI at 69.41 (neutral with a buying bias) 📈
- Open interest rises to $1.44 billion (highest level since July)
- Formation of a "bullish engulfing" pattern on the weekly chart (a sign of strength for buyers)
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🎯 Trading recommendations (brief):
1. Smart entry points:
- Buy at: $0.92 (testing support) or breaking $0.95 (confirming momentum) ✅
2. Profit targets:
- Level 1: $1.00 (quick profit taking) 💰
- Level 2: $1.13 (upward target) 🚀
3. Stop loss: $0.85 (capital protection) ⛔
> 💡 Today's scenario:
> ADA's success in holding above $0.95 may trigger a historic rise towards $1.13 supported by whale inflows (271 million ADA leaving exchanges). However, breaking $0.88 threatens a short drop to $0.84.
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❓ In conclusion:
> "In your opinion: Can the Hydra upgrades and the potential Grayscale ETF fund push Cardano above $1.00 today? Or will overbought conditions thwart the attempt? Share your predictions! ⚔️"
