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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