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ADA Trading in a Resistance Zone

Written By: ChartChamp

November 26, 2024

ADA has been a really impressive comeback story over the past few weeks. Cardano looked dead, and suddenly came back to life after news that Cardano’s founder will work with the Trump administration to create more pro-crypto regulations. This news has led to a bullish rally over the past few weeks, and ADA is now trading in a resistance zone between $0.81 and $1.026. I think ADA is likely to experience a pullback in the short term, and will eventually break above the resistance zone. I have $3.08 as a key resistance target near previous all time highs, and ADA is now likely to reach new all time highs after the renewed bullish sentiment.

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