Cardano (ADA) is aiming for another incredible run this year. Is ADA just getting started or will it continue its accumulation? Read more to find out!👇 CMCAlexandria Author: youngcryptowolf Editor: YousraAASheikh LINK babydoge BTT GALA
), has seen a lot of growth in 2021. Not only has the project made fundamental strides towards being a major DeFi player, but also in price.
Now, look at the first black circle. You can see that the resistance was broken at $0.086 and then the token retested the support level. The price action then broke out at $0.138 and continued its new trend. The left structure leaves clues. You can see that this was the previous high before it was taken out. This led to ADA's bullish run in 2021.
Let's look at the first black circle and compare it with today's price action. The last time the price was sitting on top of an accumulation zone we saw some consolidation. There is no confirmation of the next direction, but we do see some early signs of bull regaining control. The bulls need to act or lose this critical level.
If the price closes below the area of interest, expect the price to continue making lower lows. A close above the recent local top and the next target is $2.30.
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