Related Reading: Cardano Price Could Be Set For 100% Rally As This Bullish Triangle Has Formed On The Daily Timeframe Tracing Fibonacci retracements from the all-time high at $3.0984, the chart reveals additional checkpoints above current resistance.The 0.236 Fib level at $0.8990 stands as the most crucial boundary if bulls can clear $0.78.Beyond that, $1.3193 (0.382 Fib), $1.6590 (0.5 Fib), and $1.9987 (0.618 Fib) represent more distant objectives tied to broader recovery scenarios.
Aided by the fact that the SEC classified ADA’s use case as smart contracts for government services,’ the altcoin’s community has pushed up bullishness to its highest rate in over 4 months.” Related Reading: Cardano Is About To Break Free’ – Breakout Above Crucial Supply To Trigger A Big Move–Analyst Santiment further highlights that Cardano’s crowd sentiment has hit the highest bullish mark in over 4 months."Over 3.5 positive comments per 1 negative comment toward ADA, highest since Oct.30 – Nov.6 week,” Santiment notes.
While bullish sentiment has grown in tandem with recent regulatory nods, ADA’s price action remains under critical resistance, flashing cautionary signals such as a bearish engulfing pattern.Cardano: Rising Hype Vs.
The story "Social Media Loves Cardano, But The Chart Signals Caution" has 493 words across 71 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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