Someone is analyzing the trend of Cardano (ADA), and I find it quite interesting. From a technical perspective, ADA has repeatedly found support between $0.38 and $0.28, which looks like it is establishing a multi-year bottom area. If it can really break through the resistance zone of $1.00-$1.20, it could indicate a change in market structure. Following this logic, the subsequent target prices might be $2.60, $5.00, or even potentially reach $10.00. However, risks should also be considered; if the weekly close drops below $0.28, this bullish logic will no longer hold. This also reminds us that when planning long-term investments in ADA, proper stop-loss points must be set.
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Someone is analyzing the trend of Cardano (ADA), and I find it quite interesting. From a technical perspective, ADA has repeatedly found support between $0.38 and $0.28, which looks like it is establishing a multi-year bottom area. If it can really break through the resistance zone of $1.00-$1.20, it could indicate a change in market structure. Following this logic, the subsequent target prices might be $2.60, $5.00, or even potentially reach $10.00. However, risks should also be considered; if the weekly close drops below $0.28, this bullish logic will no longer hold. This also reminds us that when planning long-term investments in ADA, proper stop-loss points must be set.