Cardano (ADA) is highly volatile, as analysts have predicted that it could fall in the short-term and rise in the long term.
A crypto analyst Kenshiyesreel, has taken a short position on ADA, which aims to pull the price back towards the $0.45-$0.50 region for accumulation.
However, other technical indicators like the Golden Cross suggest that ADA could continue with its bullish run if it stays above critical support levels.
Short-Term Correction for Long-Term Gains
Kenshiyesreel’s analysis is about the current price action of ADA with a completed “falling wedge” pattern implying a reversal up.
I’ve shorted $ADA #Cardano at this price with a target of $0.45-$0.50 to accumulate more on spot https://t.co/F4EBVB7x1N pic.twitter.com/WZf1ZlZucM
— Yesreel (@kenshiyesreel) November 15, 2024
He also suggests that there can be a short-term dip, which will provide the ideal entry point for purchase at between $0.45 and $0.50, and an ADA may experience selling pressure. Th
We współpracy z: https://www.thecoinrepublic.com/2024/11/17/cardano-ada-may-dip-before-potential-rally-to-1-20/
