CandleFocus Cardano (ADA) May Dip Before Potential Rally To $1.20
2024-11-18
Author: Content Editor
The article discusses the volatility of Cardano (ADA) and provides analysis from crypto analyst Kenshiyesreel. Kenshiyesreel has taken a short position on ADA, aiming to pull the price back towards the $0.45-$0.50 region for accumulation, but also suggests that there could be a short-term dip providing an ideal entry point for purchase. The analyst sets a target of $1.2 if the upward trend continues after a pullback. Other technical indicators, such as the Golden Cross, suggest a bullish pattern for ADA if it stays above critical support levels. The article also mentions that analyst Ali predicts ADA could reach $6 by 2025.
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