Posted 12/12/2023, 11:30:00 AM
Cardano Hits Resistance at $0.61, Correction Possible But Long-Term Outlook Remains Bullish
- Cardano (ADA) hit critical Fibonacci resistance around $0.61, may see some short-term correction
- Despite potential correction, medium and long-term outlook still bullish based on technical indicators
- If $0.61 level holds, next target is around $0.86
- Early signs show corrective move may already be ending with bullish momentum resurging
- ADA saw significant 75%+ price surge in recent weeks, especially strong gains against Bitcoin