Guys who ask about the #ADA I've already analyzed it and it's in the profile. Nothing has changed!

TO REQUESTS WE GO FROM CARDANO - Analysis #ADA 09/03 00:07

For those who do not know the project, ADA has a strong focus on financial inclusion and solutions for decentralized systems, benefiting countries facing challenges with traditional financial infrastructure. Its main differentiator is being a blockchain based on academic research and peer-reviewed, which makes it one of the most well-founded in the market.

It is important to remember that ADA reached $3.1 in the past, but it entered correction and was just hammered down.

‼️ADA is in maturation and expansion, seeking greater adoption and improvements in the efficiency and decentralization of the network. This issue of it still being in the maturation stages concerns me a bit.

The biggest concern we should have is the strong competition: ETH, Solana, and other smart contract blockchains.

Two other important points: the TVL of Cardano is still small and the community has lost some trust due to the history of slowness in implementing updates and new features.

—————🥷👇🏽 ANALYSIS

In the histogram, it shows that EVERY time it sought a high, it fell back almost entirely. And it has recently sought a peak, which is concerning… ADA has worked between 0.17 - 1.74 for all these 8 years.

At the moment, it is forming bottoms; if #BTC follows the upward trend, for Altseason it is very likely to seek previous peaks.

Support: 0.7670 | 0.68
Resistance: 0.85 | 0.91
STRONG Resistance: 1.17

For those who are in the operation, I believe that 1.7 could be a target point; if it manages to break the resistance with volume, it could seek higher peaks.

‼️For entries, the asset needs to show buying strength. READ AGAIN!!! ⚠️

$ADA

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