3 min readCARDANO (ADA/USD):
The price has maintained an impressive rally, holding steady above $1.00. From a technical perspective, we are now encountering a resistance zone on the weekly time frame.
A closer examination of the technicals reveals several key areas of interest that could serve as potential rebalancing zones before the price resumes its upward trajectory. The internal resistance area recently broken may now act as support, particularly if the price retraces below the 50% level on the Fibonacci tool. Additionally, the RSI indicator suggests that the price is overbought in the short term.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
