CandleFocus Is Cardano $1 Rally Now on Cards After This Massive Breakout?
2024-11-20
Author: Content Editor
Cardano (ADA) has broken above the key Fibonacci level of $0.776 and is showing signs of a potential moonshot. With a market cap of $28 billion, ADA is closing in on becoming the eighth-largest cryptocurrency, and its price is setting up for a potential 52-week high, with a target of $1. The strong bullish trend is supported by a surge in trend momentum and an increasing number of ADA tokens being accumulated by whales. Based on previous price action and Fibonacci levels, price targets for ADA are $0.994 and $1.363. However, there is a possibility of a minor retest of $0.776 before the price continues to rise.
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