3 min readCARDONA (ADA/USD):
On the daily timeframe, it’s evident that ADA has been maintaining strong support in the $0.27 to $0.30 range. Lately, there hasn’t been much focus on ADA, and it seems to be underperforming compared to some of the other higher-cap coins. I’m curious to see if this upward trend can continue towards the $0.40 level.
Taking a closer look at the technicals reveals that we’ve clearly broken out of the daily descending trendline and are now trading within a short-term resistance zone, aligned with the key psychological level of $0.40. We’re also approaching the 70% mark on the RSI indicator. I’ll be watching this pair closely to see if we can break through this resistance, or if it holds, causing a pullback before resuming the upward trend.
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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.
