Observation:
Hello, everyone! I hope you’re doing well. I’d like to share my analysis of Cardano (ADA-USD) with you.
Looking at the Cardano chart, I expect that if we close the weekly candle above 0.622, the price could increase towards the target of 0.8939. However, if the weekly candle closes below 0.622, I anticipate further price decline with a target of 0.4570.
Expectation:
Bullish Scenario: Weekly close above 0.622 → price moves towards 0.8939.
Bearish Scenario: Weekly close below 0.622 → price declines towards 0.4570.
Key Levels to Watch:
Support: 0.4570
Resistance: 0.622, 0.8939
What do you think about Cardano (ADA-USD) this week? Let me know in the comments!
Trade safe