Cardano (ADA), valued for its scientific approach in the blockchain world, is the focus of our analysis today. In this article you will find a technical analysis from our premium environment that focuses on ADA price prediction for the near future.
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Technical analysis of Cardano (ADA) price
A few days ago, the Crypto Insiders analyst team shared the following ADA analysis in the Premium environment. This analysis included the following prediction:
“After an impressive breakout to the upside, ADA underwent a sharp southward correction. Now that the correction is over, we expect a strong increase again.
Our analysis suggests the possibility of a 3-wave pattern to the upside. Our look at the remaining indicators still keeps us bullish, suggesting a strong rally could head north.
At the time of this analysis, ADA is hovering around $0.50. We believe this is a good time to take positions, which is why we have marked the zone in green. From this area we turn our attention to $0.76 as our first target.”
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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 therefore serve exclusively educational purposes.
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