Cardano (ADA), a blockchain platform designed with a scientific approach, is the focus of our analysis today.
We dive into the price forecast for ADA, with insights from our Discord community where we share analyzes and live streams daily.
Chainlink (LINK) shows weakness and could fall to the ‘golden pocket’
New entry opportunities for cardano (ADA)
Although the market appears to be rebounding somewhat, analysts are not convinced that ADA will rise at the same time. They initially expect a decline, but this could lead to new opportunities. They recently said the following40:
“ADA currently appears to be entering a correction phase after completing a larger cycle. We expect the price to fall to the 50% and 61.8% Fibonacci levels of this cycle, which in this case means the price will move between $0.45 and $0.52.
While we expect a significant decline, we see this as an opportunity to absorb and potentially enter ADA. From the green zone, we expect a strong upward move, which will allow us to set our targets well above $1, and possibly even higher.
So, we still have to be patient and monitor developments closely.”
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Need help?
In our Discord community you will find our extensive trading plan with all the latest updates. Here you enter a safe place where traders of all levels exchange knowledge. Ask your questions to expert analysts and top traders about trading, market trends and crypto topics in a vibrant community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.
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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These are therefore for educational purposes only.
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