ADA: The Rally Awaits!
2024-09-13

Hello traders, I hope you're all doing well.

Here's a technical analysis of Cardano (ADA) on the weekly timeframe.

ADA is currently forming a symmetrical triangle pattern and is holding the support trendline at $0.28. It must maintain this support and break above the resistance trendline. If it fails, the price could drop as low as $0.087.

In the long term, ADA aims to reach its all-time high of $3.1 again, which would represent a 10x gain from the current market price.

I hope this analysis helps. Please remember to conduct your own research before investing.

Regards,
Team Dexter.