Cardano has been stuck in a side style during the past three months. The price continues to rebound between the same support and resistance levels without choosing a clear direction.
The support zone ranged between $ 0.60 and a strong $ 0.65, which stopped the price of the decline. Just two days ago, ADA achieved this support again, which sparked some purchase interests and paid the price by 7 %.
What do you expect in March: Will Cardano Spike reach one dollar?
the Mobile average for 200 days About $ 0.6911 sits, slightly lower than the current price. This may be a good sign of bulls as long as ADA remains above this level. However, the 50 -day moving average is currently working as a roof, which makes the height price in the short term.
If Bitcoin begins to recover and improve the mood of the market, ADA can return to the top of its range, and it may reach about $ 1.1. But if Bitcoin continues to struggle and the broader market remains weak, Cardano may continue to either move sideways or reduce its current support.
Whether Cardano can reach a sign of $ 1 in March often depends on what is happening in the wider encryption market. If Bitcoin acquires momentum and Altcoins start to gather, ADA has a decent shot in testing this important price level. The last 7 % jump after touching the support shows there are still buyers interested in current prices.
In order for ADA to move about one dollar, it first needs to break the moving average for 50 days and then pay several resistance areas. watch Trading; If it rises during high prices, this is a good sign that the real purchase pressure is a building, not just temporary price movement.
The main price of the ADA price for watching
If the current support erupted, the next possible goals will be $ 0.56 and possibly $ 0.49 if things get worse. These areas attracted buyers in the past.
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On the upper side, if the ADA comes out of its last range, it may target $ 1.1, which will be about 65 % of the current levels. The 200-day moving average remains important to watch-the prices remain above this line, the long-term view remains positive in general.
In the end, the next big step for Cardano depends largely on Bitcoin’s performance and what happens in the broader encryption market in the coming weeks.
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