$ADA COIN PRICE UPDATE AND TRADE. SETUP🚨🚨🚨👇
OVERVIEW📃📃👇
ENTRY POINTS‼️‼️STOP LOSS📃
#OVERVIEW📃📃👇
Cardano (ADA) is currently trading above $0.90 and is testing significant resistance at a symmetrical triangle formation, which is often a precursor to a strong upward movement.
CATALYST ‼️‼️
A key potential catalyst is Charles Hoskinson's support for Ergo following its delisting from HTX, hinting at a possible partnership with Cardano that could increase demand, transaction speed, and miner rewards for ADA.
TARGETS🎯🎯
On-chain data and derivatives suggest a bullish sentiment, with a sharp increase in long positions and ADA having regained key technical levels, including the 200-day EMA and the 50% Fibonacci retracement at $0.918; a close above $0.95 could propel ADA towards the next target of $1.014 (61.8% Fib).
👉 BUY AND TRADE HERE👇
NOTE THAT📃👇
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk, and past performance is not indicative of future results