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Cardano (A...
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TronWeekly

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Cardano (ADA) at Make-or-Break Level: ADA Targets $1.20 If Resistance Breaks

  • Cardano (ADA) is at a crucial stage as it shows signs of a potential trend reversal by testing a major demand zone.
  • An upward breakout above the resistance line could lead to a significant positive movement for ADA.
  • ADA's long-term supply dynamics and issuance timeline differ significantly from Bitcoin, which could impact its future price behavior.
  • ADA's current price is around $0.57 with the potential to target $1.20 if it breaks the resistance level. Long-term bullish tendencies are noted for ADA, but short-term trends remain bearish.

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