Calm Before the Storm for Cardano Following Weekend Consolidation? Watch These 3 Things (ADA Price Analysis)
ADA continues to show strength despite an uneventful weekend. Key Support levels: $0.35 Key Resistance levels: $0.41 1. ADA's Rally May Resume After a...
- Key support levels: $0.35
- Key resistance levels: $0.41
- ADA is likely to resume its uptrend and test the resistance at $0.41.
- The support at $0.35 is expected to hold and may not be revisited soon.
- Breaking the resistance at $0.41 may prompt sellers to return.
- The weekly MACD indicates that buyers are in control, with the histogram making higher highs.
- The bias for ADA is bullish.
- A test of the resistance at $0.41 is likely this week, with the next target at $0.45.
The sentiment of the article is generally positive, indicating a bullish bias for ADA. The article suggests that ADA is likely to continue its uptrend and test the key resistance level at $0.41. However, it also mentions that breaking this resistance level may prompt sellers to return, indicating a potential challenge for ADA.