The post ADA Price Set to Explode, Here’s What Data Says appeared first on Coinpedia Fintech News
ADA, the native token of the Cardano blockchain, is poised for notable upside momentum as whales and investors show strong interest in the altcoin. This surge in interest was observed when the token appeared to be struggling near a strong resistance level.
Cardano (ADA) Technical Analysis and Upcoming Level
According to expert technical analysis, ADA has been consolidating within a tight range between $1.12 and $1.23, near a strong resistance level of $1.24, for the past week. However, the chart shows that since the beginning of November 2024, ADA has consolidated near different resistance levels four times before experiencing massive upside momentum.
Source: Trading View
This time, however, experts and investors are anticipating a similar upside momentum. Based on recent price action, if ADA breaks out of this consolidation and closes a daily candle above the $1.25 level, t
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