CandleFocus Cardano (ADA) Price Prediction for This Week
2024-11-12
Author: Content Editor
ADA, the cryptocurrency of Cardano, experienced a significant rally of 88% in a week, reaching a price of 62 cents. This surge in price comes after the founder of Cardano revealed plans to collaborate with the US government on crypto-related policies. The rally has shown sustained gains with minimal pullbacks, indicating a strong bullish signal. The key support and resistance levels for ADA are $0.60, $0.70, and $0.80. The current buy pressure is comparable to that seen during the 2021 bull market, suggesting the potential for further price increases.
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