below I read it and liked the analysis of
#ADA! , but caution is always necessary.... so you don’t get caught in trouble.... remembering. ada goes up then falls... goes up then falls.... what a mess
ADA IS BACK ON THE RADAR — BUT NOW COMES THE IMPORTANT TEST
Cardano (ADA) has drawn attention again after a strong recovery in the past few days.
📈 Between August 19 and 21, ADA left the US$ 0,17 area and reached US$ 0,23, accumulating a significant gain in the move. Today, 24/08, the price pulled back to the US$ 0,22 area, showing profit-taking after the rally.
But there’s one detail that could be even more important:
🇯🇵 Today, ADA was listed on S.BLOX, a Japanese exchange linked to the Sony group, expanding access to the asset in the Japanese market.
🔎 What I’m watching now: • US$ 0,23–0,25 → important resistance region
• US$ 0,21–0,22 → region that needs to continue being defended
• A convincing breakout of resistance → could open room for a new leg higher
• Loss of support → increases the risk of a deeper correction