CandleFocus

Cardano Continues Its Rise, But Stops At The 1.11 Dollar Mark

Author: Content Editor
The price of Cardano (ADA) has seen a bullish momentum after breaking above the moving averages. It reached a high of $1.11 on January 3, 2025, and is currently trading below that level. The altcoin will continue to rise if it breaks through resistance levels at $1.11 and $1.32, with a potential to reach its previous high of $2.33. However, if it retraces from its current high and goes above the 50-day SMA, it may trade in a range. On the 4-hour chart, Cardano is in an upward correction but has paused at its high of $1.11. If it breaks above this level, the uptrend will resume. Key resistance zones are at $1.20, $1.30, and $1.40, while key support zones are at $0.90, $0.80, and $0.70. Investors should conduct their own research before making any investment decisions.

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