3 min readCARDONA (ADA/USD):
Cardona has experienced impressive upward momentum over the past few days, with the price now trading above $0.44 and showing no signs of slowing down.
Looking more closely at the technicals, we can see that the price is currently trading within an internal resistance zone. If we manage to break above this level and hold it as support, I’ll be watching closely to see how the price moves toward other higher timeframe areas of interest. At the moment, the RSI indicator is signalling that the market may be “overbought.”
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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.
