Recently watching the market, Cardano has indeed become quite interesting. The current price is at $0.419354. Based on various indicators, the market still looks quite strong—RSI has surged to 61.8, and the trading activity is quite lively. My personal judgment is that if you don't take the opportunity to buy now, waiting for a real breakout later might mean chasing a higher price.



**Why do I think so? Starting with the fundamentals.**
On the technical side, there is a key support level at $0.402600. This price has been tested multiple times and has formed a relatively stable bottom zone. As long as this line holds, the probability of an upward breakout is quite high. Additionally, the overall market sentiment has been good recently, especially as mainstream cryptocurrencies have attracted the attention of many institutions and retail investors. Capital continues to flow in, and trading volume is increasing, all signals pointing upward.

**How exactly should I operate?**
I am mainly watching the $0.429800 level—if the price can break through effectively, I will slightly increase my position and try my luck. Conversely, if it falls below the $0.402600 critical support, I will cut losses immediately—there's nothing to discuss, risk control always comes first. The resistance level is at $0.436100, where there might be some pressure.

Overall, this seems like a good entry point right now, but don’t be greedy—set stop-losses when needed. Take it step by step and stay steady. Happy trading!
ADA0,68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
UncleWhalevip
· 01-07 08:08
0.402600 this line really needs to hold, otherwise it's over
View OriginalReply0
SadMoneyMeowvip
· 01-07 06:11
0.402 this line really needs to hold, once it breaks I will run, no entanglement.
View OriginalReply0
FantasyGuardianvip
· 01-06 11:59
$0.42 definitely has some value, not afraid of the RSI level, the key is to hold the line at $0.402600
View OriginalReply0
DegenGamblervip
· 01-06 11:55
0.402 really held firm, I believe it will push upward, ADA still has a chance in this wave
View OriginalReply0
ChainSpyvip
· 01-06 11:55
You must hold this line at 0.402600, otherwise there's no hope.
View OriginalReply0
SigmaBrainvip
· 01-06 11:52
If I can't hold this line at 0.402, I'll just run, there's nothing to be tangled up about.
View OriginalReply0
NewPumpamentalsvip
· 01-06 11:48
As long as the 0.402 support level holds, I will continue to buy in. I feel this wave can go up.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)