Lokesh Gupta
24-01-2024
On the daily chart, ADA finds support from the lower trendline and experiences a rebound.
A double bottom pattern at the 50% #Fibonacci (#FIBO) level provides an opportunity for a new recovery.
The daily candle today showcases a long-tail rejection, indicating active demand pressure at this support.
A closing of the candle above the mentioned support suggests buyers are accumulating the coin during the market dip.
If the bulls can maintain the price above the support level of $0.4600, ADA is likely to test its resistance at $0.5100.
Conversely, a loss of market momentum could lead to a fall in the Cardano price, testing the support level of $0.4000 soon.
Coingabbar's analysis suggests that Cardano Price Prediction 2030 could reach a minimum of $5.
Coingabbar's analysis suggests that Cardano Price Prediction 2040 could reach a minimum of $20.
KEY LEVELS :
RESISTANCE LEVEL : $0.4850-$0.5000
SUPPORT LEVEL : $0.4640-$0.4500
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
5 months ago
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