📊 Technical Analysis of ADA Coin - Is it a Golden Opportunity Before the Launch? 🚀
Cardano (ADA) is catching attention once again! 👀
🔹 The current price is fluctuating around a very strong support zone at $0.38 – $0.40, which is a zone from which prices have bounced multiple times historically, enhancing the likelihood of an upward movement.
🔹 On the daily timeframe, we observe:
The formation of a Double Bottom pattern 🔄, which is one of the strongest reversal patterns.
The Relative Strength Index (RSI) is in the oversold territory, indicating a potential near-term rebound.
A noticeable increase in trading volumes over the past few days, indicating growing interest from major investors (whales).
📈 If the nearby resistance at $0.42 is breached firmly, the following targets may extend to:
$0.48 as the first target
$0.55 as the medium-term target
🔥 Why now?
Anticipation of strong updates on the Cardano network.
The market shows signs of gradual recovery, and strong foundational coins like ADA will be at the forefront of the rise.
⚠️ Important Alert: This is not financial advice, but a technical analysis based on current data. Conduct your own research and enter the market with awareness.
Do you see it as a buying opportunity? 💬 Share your opinion in the comments!
