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ADA Returns Back to Life

Written By: ChartChamp

November 11, 2024

ADA has been viewed as a dead and outdated crypto project throughout this cycle. Last week there was a strong rally that is bringing ADA back to life, and giving hope that ADA can perform well throughout the rest of the bull market. I think ADA’s rally is caused by the founder claiming that he will work closely with the Trump administration to help the crypto industry thrive. I personally still wouldn’t invest in ADA, and I would stay up to date with the news surrounding ADA and Trump to see if anything materializes here. In terms of price action ADA has a resistance zone ahead between $0.814 and 1.40. The next key resistance target is $3.08 at previous all time highs. For now I would monitor for resistance at $0.814 if ADA continues to rally.

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