Massive ADA Cardano Update - Is Correction Over?
2025-02-05
Category: None

Hello, Skyrexians!

Let's come back to our favorite coin  BINANCE:ADAUSDT  . While most of alternative coins have broken the all time lows, Cardano's price is still high. Looks like the bull run for this asset is going to continue because impulsiveness has been saved and recent drop looks like a correction.

In one of our analysis we told you that ADA is in global wave 3 and growth from $0.28 to $1.3 was just the first impulse in this global wave. On the weekly timeframe price touched 0.5-0.61 Fibonacci retracement area and bounced immediately. If this correction is over the next target is approximately $3 in the sub wave 3. The great sign for trend continuation is that  Bullish/Bearish Reversal Bar Indicator    has not printed the red dot at the possible wave 1 top, like we have seen the green dot earlier before rapid pump. We still positive on this crypto and believe that soon it will pump like a mad dog.

Best regards,
Skyrexio Team

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