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Can Cardano Sustain November’s Rally and Reach 1.50 USD?

Remarkable growth of ADA: The price of ADA is showing strong bullish momentum by breaking through key resistance levels, attracting investor attention. This upward trend is driven by positive market sentiment and various technical indicators suggesting further price increases.

Important Fibonacci Levels: Fibonacci retracement levels indicate short-term targets for ADA at 1.15 USD, 1.36 USD, and 1.54 USD. Breaking the resistance at 1.15 USD could pave the way for continued price increases.

Potential Adjustment Pressure: Despite a strong recovery, ADA shows signs of being overbought with an RSI level of 75, often leading to adjustments. The MACD also indicates strength but warns of possible downturns before testing higher levels.

Market Outlook: The next move of ADA depends on overall market conditions. Cardano needs to maintain its upward trajectory and exceed 1 USD to have the potential to reach 1.50 USD.

This is community-generated content, not advice from ONUS.
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