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TheCryptoBasic
Crypto Newbie
03-19 22:07
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CoinCodex points out that with Cardano (ADA) consolidating, $0.597, $0.725, $0.966, and $1.106 are key resistance levels to watch. Over the past 45 days, ADA's price has been consolidating within a narrow range, hovering between support around $0.245 and resistance around $0.304. During these 45 days, ADA has retested the $0.304 resistance level three times, suggesting that selling pressure at that level may be waning. If the price confirms a break above $0.304, momentum will shift upwards, potentially leading to further gains towards $0.338 and $0.376. If Cardano breaks through $0.376, the next key resistance levels to watch are $0.597, $0.725, $0.966, and $1.106, corresponding to the Fibonacci retracements of 1.618, 1.272, 0.618, and 0.236. If Cardano fails to break through the upper resistance levels, the lower boundary around $0.245 remains a key area to watch.
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