ADA approaches critical barrier in its journey toward $1
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At the time of writing, ADA was up 1.04% in the last 24 hours to $0.637, having reached intraday highs of $0.64, a level where the price has met a setback in the last few days.With ADA's current price action, bulls are on the verge of a 3.47 billion ADA resistance to push ADA's price to the coveted $1 mark.
This critical level has acted as a barrier to further price appreciation, thwarting previous attempts by the bulls to push ADA toward the $1 threshold. As the ADA bulls gear up for another attempt, all eyes are on whether they can muster enough strength to overcome this formidable resistance and propel Cardano to new heights.The triumph of the above-mentioned key levels might lead to the takeover of the key range between $0.74 and $1.08, where 1.
As ADA approaches the next critical barrier in its journey toward $1, the market is watching with bated breath to see if the bulls have the strength to break through.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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