Posted 12/26/2023, 3:30:00 PM
ADA Hits New Highs But Faces Uncertainty After 150% Rally
- ADA price reached a yearly high of $0.68 on Dec. 14 but has shown signs of weakness recently
- Weekly technical analysis shows ADA increased 150% since October, breaking out of long-term range
- Analysts have a bullish view, predicting ADA will break out upwards from current triangle pattern
- Elliott Wave theory suggests ADA may have topped at end of wave 3, could decrease 15% to $0.50 support
- If ADA moves above yearly high, it could surge 45% to next resistance level around $0.88