How will the price of Cardano (ADA) go today? Will it go up or down? Coinpedia Fintech News will tell you about this first.
ADA has now fallen below the red line, and the price is lower than the key $1.2. Although it has risen by 15% in the past seven days, it now looks like there is no more momentum. Let's take a look at the overall situation of ADA.
In the short term, here:
Everyone is eyeing higher prices now, but the price may first fall to the orange support area of $0.64 to $0.94. This is a good opportunity for those who want to buy at a low price.
Looking at the changes in the short term, analysts say that if the price falls below the support area of $1.11 to $1.21, it may have to pull back more. If the price falls below $1.05 again, the previous structure will have to be re-examined. The target prices we have to pay attention to are $1.42, $1.72, and $2.36. If the market goes crazy, it may even rise to $2.95. However, all of this depends on how the price moves during the pullback.
What about Bitcoin?
Bitcoin is now gaining momentum, and everyone's attention is back on it. But altcoins like ADA may not necessarily lose money, they may just move sideways. This pullback is still part of the overall layout, and the high price is still to come.
What is the key to the breakthrough?
If ADA can break through the recent high of $1.25, it may rise. The more critical thing is whether it can break through the yellow wave 1 high of $1.32 or $1.33, but analysts say it is still early.
Where can the price go in the near future?
If the third wave of growth begins, the price may drop to $1.42 first. If the local structure is still stable, we may see higher prices, $1.49 or $1.55 are possible.
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