ADA Cardano shows the signs of another price rally after a sharp 43% correction in recent weeks. ALI_CHARTS analyst emphasizes the parallels with the price movement of ADA 2021, where the correction by 44% preceded the rally in 4095%. The breakthrough during the week on February 1, 2021 led to the fact that this token put forward token to all temporary maximums, which made the current installation very remarkable.
Recent technical analysis, including ideas from Ali_Charts, shows ADA, consolidating in the range for 455 days before breaking out, recalling the previous stages of accumulation. Historical data and the restoration of Fibonacci suggest that cryptocurrency can reach 6 dollars in the medium term, which is a probable 2220% of growth.
Analysis of Ali Indicates the ADA breakthrough above the level of critical resistance and the completion of the correction phase as signals for the next stage. He emphasizes time, projecting a possible step within two to three weeks, depending on past cycles.
As a result of the appearance of Kardano in 2021, it occurred after similar market conditions, strengthening confidence in the views of the bull. With the ADA token trade, about $ 1.04 and demonstrating the growing volume of trading, investors and traders expect further confirmation of this expected step. If the story is repeated, the ADA can reach a target of $ 6, marking the key moment for cryptocurrency.
Long -term ADA optimism corresponds to short -term uncertainty
The ADA token demonstrates a bull -haired long -term prospects, strengthened by technical indicators, such as DMI, which displays +Di at 28.97, ahead of 10.89. Such a scenario hints at a strong growth in the market in the market. Meanwhile, the average direction index (ADX) is at 36.48, confirming the strength of the current trend.
Nevertheless, a subtle narrowing of the gap between +di and -di causes concern about the weakening of the bull impulse, hinting at the likely short -term rollback, if the trend does not restore strength. Turning to the MACD, the current reading further strengthens the bull narrative. The MACD line in 0.159 remains above the signal line of 0.137, which indicates a constant pulse up.
Nevertheless, caution is justified, since the two lines are approaching each other, which implies the possibility of changing the trend if there is a convergence. The histogram adds to this warning fairy tale, with contracting green rods, approaching the zero line at 0.022. While long -term mood moods for ADA cryptocurrency remain optimistic, these signals hint at the brewing shift in the pulse, which can lead to a temporary drop in prices.
Cardano derivatives increases 49%
Metriki on the chain Continue to draw a bull picture for ADA Cardano, signaling a strong restoration after its recent rollback. Soon, the volume of derivatives trade, currently reaching $ 3.37 billion, emphasizes this optimism.
The last time observed on December 11, this level is 49% of the surge over the past 24 hours, sharply growing from $ 2.09 billion. Such cases hint at the increased points to the updated wave of the interest of investors and the growing confidence in the ADA token, often the predecessor of high price, which can be ready for another surge.
