buy on weakness

Cardano Breaks $1 with Golden Cross — $3 Possible but Watch Resistance

I see Cardano’s reclaiming of $1 and the formation of a Golden Cross as a clear bullish trigger that has reignited momentum after months of consolidation.

Technicals — RSI above 50 and a MACD crossover — support further upside, and short-term resistance sits at $1.17–$1.18 with higher targets at $1.24–$1.43, $1.50, $2.00 and a speculative $3 if volume and momentum sustain.

That said, overbought conditions could produce sharp pullbacks; I’d treat any rallies above resistance as opportunities to trim or scale out while preferring entries on weakness near established support.

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Analysis

Daily indicators show renewed bullish momentum (50/200 MA Golden Cross, MACD bullish crossover, RSI >50). Immediate resistance is $1.17–$1.18, with further hurdles at $1.24–$1.43 and psychological lev...

Recommendation

Prefer buying on weakness near $0.84–$1.00 or scaling into strength above a decisive close above $1.18; use stops below $0.84 and take partial profits at resistance tiers to manage volatility and the ...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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