Cardano's (ADA) daily chart says that the current level acts as perfect for the buying level.
Based on the recent price action, ADA could experience a price surge of over 20% to reach the $0.40 level.
Combining the liquidation data with the technical analysis, it appears that bulls are currently dominating the asset.
*ADA’s Perfect Buying Level* !!
Based on ADA’s daily chart, this is the fourth time in the past four months that the price has reached this support level, which we can consider a buying level.
Currently, ADA is trading near $0.333 and has registered a 2.25% price drop in the past 24 hours. During the same period, its trading volume jumped by 26%, indicating strong participation from traders and investors, likely due to the current level which acts as a buying level.
*ADA Technical Analysis and Upcoming Levels* !!
According to the expert technical analysis, ADA appears bullish and is currently at a strong support level of $0.31. This level has provided significant support for ADA since July 2024. However, it has also been observed that when the asset reaches this level, it often witnesses a price surge of over 20%.
