3 min readCARDANO (ADA/USD):
Cardano has experienced significant price movement over the past few weeks. In earlier versions of this analysis, I identified a resistance level near $1.20 and a support level around $0.80, both of which were precisely respected.
A closer examination of the technicals reveals that once prices rebalanced at the 50% Fibonacci level, which aligned with an internal support area that had previously acted as resistance, they continued to climb higher. Currently, we are trading above $1.00 and are poised to potentially reach new highs, aiming to surpass the previous peak around $1.32.
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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.
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.
