📈 Cardano at strong support.. Are we facing a new rise
Cardano seems to have retested an old support area at 0.270, which has made followers optimistic about a near rise. 🔹
This support was previously responsible for significant price movements.
In August 2024, ADA dropped to support at 0.270 and quickly rebounded, recording a rise of over 375% within 60 days! 🚀
Last week, ADA temporarily dropped to 0.268, but buyers intervened and pulled the price up, confirming the strength of this support.
📊 Technical analysis indicates that Cardano is in a "Build-up" phase, and we may witness a strong rise soon, with potential targets at 0.672, 0.922, and 1.980 USDT, according to Fibonacci levels.
⚠️ Reminder: This is a technical opinion analysis and not financial advice.
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$ADA
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