Cardano: Will ADA hold THIS support or push towards $1.22?

AMB Crypto 9 months ago 168

Cardano’s price consolidated near $1.08 after a strong weekly rally, signaling potential for further upside.
Trading volume hit 18.3 million ADA ($0.52), reflecting heightened investor interest and market activity.

Cardano[ADA] has emerged as the standout performer among the top 10 cryptocurrencies, posting an impressive 24% gain over the past seven days.

Currently, ranked ninth by market capitalization, ADA boasts a valuation of over $38.1 billion.

Cardano price analysis: Sustaining momentum

Cardano’s recent rally has pushed its price to $1.0856, marking a sustained recovery after months of consolidation. The chart shows critical technical indicators, highlighting the asset’s key support and resistance levels.

ADA’s price has retraced slightly from its recent high of $1.1076. It currently sits between the 61.8% and 50.0% Fibonacci levels, with support observed near $1.0161. A push above the $1.1076 resistance could pave the way for further upside toward the $1.2292 mark.

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