$ADA Building Towards the Dollar Level๐ต
Cardano (ADA) is currently being traded at around $0.89-$0.90 and gaining buying momentum despite the market still remaining uncertain. The project ecosystem continues to grow steadily as DeFi projects and smart contracts gain traction and boost the project foundation. As long as $0.85 remains support, ADA will continue to look attractive for traders seeking a safe position in a volatile market. ๐๐
The next technical level to break above is the level $1.02. If it can break through the range, we should witness a strong rally towards $1.15-$1.20 in the following weeks. Continued adoption of the infrastructure and focus on long-term development push optimism for additional gains. ๐๐
Key Technical Levels:
Buying Zone: $0.82-$0.90 (ideal place to enter is on the rests)
Near Term Target (end of September): $1.00-$1.10
Stop-Loss: $0.75-$0.80 (to protect, if the market weakens) ๐ฏ๐ก๏ธ
Always DYOR
