Recently, I have seen many analysts making bullish predictions for the cryptocurrency market in January, involving mainstream coins such as ETH, XRP, SOL, ADA, and SHIB. To be honest, every time I hear such news, it easily gets people thinking, but looking at the data calmly is the way to go.
Let's first look at the current situation of ADA. The current price is $0.367151, and the RSI is at 45.2, indicating a typical consolidation rhythm. This price level is neither high nor low, making it easy for people to be indecisive. Years of experience in the crypto market have taught me that the most challenging moments are those that seem ready to take off but haven't yet. However, the long-term growth expectations for Cardano are still there. Additionally, the phenomenon of new projects like GeeFi being able to sell 25 million tokens in a short period indicates that there is still enthusiasm for quality projects in the market, which is a good signal for the entire ecosystem.
Technical details should not be overlooked. Support level $0.352500, resistance level $0.381800, key breakout point $0.376300—these three numbers are crucial. If ADA can stabilize around this area and break above $0.376300, then there is real potential. My personal approach is to first build a portion of the position, then add to it around $0.37 when the opportunity arises, with a stop loss set at the support level $0.352500 and a target aimed at the resistance level $0.381800.
Of course, plans can never keep up with changes, and anything can happen in the market; staying alert is a fundamental skill. What do you think of this market trend?
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CryptoTarotReader
· 2h ago
0.367 this position is indeed awkward, no breaking no standing, just wait for the breakout signal to enter a position.
View OriginalReply0
ImpermanentPhobia
· 2h ago
0.37 is really a frustrating point, the feeling of being stuck without being able to go up or down is too tormenting.
[ADA this position is indeed somewhat particular]
Recently, I have seen many analysts making bullish predictions for the cryptocurrency market in January, involving mainstream coins such as ETH, XRP, SOL, ADA, and SHIB. To be honest, every time I hear such news, it easily gets people thinking, but looking at the data calmly is the way to go.
Let's first look at the current situation of ADA. The current price is $0.367151, and the RSI is at 45.2, indicating a typical consolidation rhythm. This price level is neither high nor low, making it easy for people to be indecisive. Years of experience in the crypto market have taught me that the most challenging moments are those that seem ready to take off but haven't yet. However, the long-term growth expectations for Cardano are still there. Additionally, the phenomenon of new projects like GeeFi being able to sell 25 million tokens in a short period indicates that there is still enthusiasm for quality projects in the market, which is a good signal for the entire ecosystem.
Technical details should not be overlooked. Support level $0.352500, resistance level $0.381800, key breakout point $0.376300—these three numbers are crucial. If ADA can stabilize around this area and break above $0.376300, then there is real potential. My personal approach is to first build a portion of the position, then add to it around $0.37 when the opportunity arises, with a stop loss set at the support level $0.352500 and a target aimed at the resistance level $0.381800.
Of course, plans can never keep up with changes, and anything can happen in the market; staying alert is a fundamental skill. What do you think of this market trend?