So, ADA found some support, huh? Great! But can it actually get its act together and start climbing? I mean, it’s like watching a turtle trying to win a race against a hare. Spoiler alert: it’s not going to happen overnight.
Key Support levels: $0.65
Key Resistance levels: $0.90
1. ADA Holds Above $0.65
Look, ADA is hanging on at 65 cents like it’s the last lifeboat on the Titanic. It’s got a shot at hitting 90 cents, but let’s be real—buyers are acting like they just saw a ghost. They couldn’t even push it past 80 cents! But hey, maybe they’ll muster up some courage later. Fingers crossed, right?
2. Momentum Stalls
After a little bounce, buyers came rushing in like they just found out there’s free food at a party. But their excitement fizzled out faster than a soda left open overnight. They need to break that pesky 90-cent barrier to prove they’re not just a bunch of one-hit wonders. Until then, sellers could swoop in like vultures at any moment. Talk about a nail-biter!
3. Daily RSI Shows the Bottom is In
According to the daily RSI, it looks like Cardano has hit rock bottom. I mean, it’s making higher lows, which is great and all, but let’s not throw a parade just yet. To really turn things around, it needs to smash through that key resistance and reclaim the magical $1 mark. Then, maybe, just maybe, the bulls will come back and throw a party. But until then, it’s just a waiting game.
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2025-02-21 17:21