The post Cardano at a Crossroads: ADA Price Poised to Hit $0.80 Level Soon appeared first on Coinpedia Fintech News
Cardano (ADA) is doing something interesting in its price chart—it’s trying to break out of a triangle shape that we’ve been watching for a while. According to Crypto Capital Venture, this breakout could take ADA to around $0.80.
The analyst compared ADA to a roller coaster and said that right now, it’s at a point where it could either go up a steep hill or take a turn down. The roller coaster track has some important spots that could help or stop ADA’s journey.
One important spot is the 200-week moving average. Think of this like a big hill on a roller coaster. It might mean good things for its journey if ADA can go over this hill. But it’s a tricky part of the ride, and we must watch it. A successful breach of these levels could signal the beginning of a new bullish trend. Conversely, failure to break through may result in a retracement, possibly testing s
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