Cardano (ADA) - Pullback Expected!
2024-11-13

Cardano (ADA) has managed to breakout out from a key resistance level of: =$0.40 and has been on parabolic run since with +100% gains from a single weekly candle. Bulls momentum will be exhaused from this buying presure. Expect the bears to create a healty pullback back down to the following:

"NEW" Support Zone= $0.54

If a weekly candle can close between: $0.54 - $0.59, then ADA will retest $0.65 again.

ADA is still forming higher lows on the chart with trend lines which is bullish also for long term!



🌟Target= $0.90🎯



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