Cardano

World

Resistance

<p>Cardano’s <a href="https://coinpedia.org/news/whats-happening-with-crypto-today/" target="_blank" rel="noreferrer noopener">ADA is currently trading below the crucial $1</a> mark and is down by more than three percent in the last 24 hours. The coin is facing resistance at a crucial level known as the "golden pocket." This resistance is between $1.13 and $1.23. <a href="https://www.youtube.com/@CryptoWorldJosh/featured" target="_blank" rel="noreferrer noopener nofollow">Analyst Josh of Crypto World</a> gave a detailed analysis in his latest video. Here’s a breakdown of the analysis:&nbsp;</p>   
<h2 class="wp-block-heading" id="h-support-around-0-82-to-0-83"><strong>Support Around $0.82 to $0.83</strong></h2>   
<p>Right now, Cardano is testing its 50% Fibonacci retracement level, which previously acted as resistance but should now serve as support. This level is around $0.82 to $0.83. If Cardano holds above this range, it may find support here and bounce back. However, further downside could be expected if the price drops below this level.</p>   
<h3 class="wp-block-heading" id="h-potential-breakout-to-1-76"><strong>Potential Breakout to $1.76</strong></h3>   
<p>If Cardano manages to break through the golden pocket resistance zone (between $1.13 and $1.23), the next major target could be around $1.76. However, this move will only happen after a confirmed breakout above the resistance zone, which has not occurred yet.</p>   
<h3 class="wp-block-heading" id="h-short-term-bearish-trend-observed"><strong>Short-Term Bearish Trend Observed</strong></h3>   
<p>Cardano is currently in a descending parallel channel, indicating a short-term bearish trend. While the long-term outlook remains bullish, with higher lows and higher highs, the short-term trend is currently down.</p>   
<h3 class="wp-block-heading" id="h-support-levels-to-watch"><strong>Support Levels to Watch</strong></h3>   
<p>For the short-term, Cardano is testing a golden pocket support level between $0.88 and $0.89. If this level breaks, the next support could be around $0.83. If that doesn't hold, the price may drop further toward $0.76 to $0.77.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong><em>Curious about the future of Cardano? Check out our long-term <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano price prediction</a> and stay ahead of the curve!</em></strong></p>   
<h3 class="wp-block-heading" id="h-resistance-levels-to-monitor"><strong>Resistance Levels to Monitor</strong></h3>   
<p>On the upside, Cardano faces resistance around $0.94, with further resistance at $0.98 and near $1.07. These levels could prevent the price from moving higher if the bearish trend continues.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732690165393">
  <strong class="schema-faq-question"><strong>What support levels should I watch for Cardano ADA?</strong></strong> 
  <p class="schema-faq-answer">Cardano is testing support at $0.82 to $0.83, with further levels at $0.76-$0.77 if the price drops below $0.83.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732690179110">
  <strong class="schema-faq-question"><strong><strong>Can Cardano overtake Ethereum?</strong></strong></strong> 
  <p class="schema-faq-answer">Cardano has the potential to overtake Ethereum if its scalability, smart contract adoption, and ecosystem growth surpass Ethereum's current network limitations.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732690260894">
  <strong class="schema-faq-question"><strong><strong>How high can Cardano go by the end of 2025?</strong></strong></strong> 
  <p class="schema-faq-answer">According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.42 by the end of 2025.&nbsp;&nbsp;</p> 
 </div> 
</div>

Cardano Price Prediction For November 27

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