Cardano (ADA) has shown significant price increases since October, breaking out from two long-term horizontal resistances. However, despite bullish indicators on the weekly time frame, the daily time frame presents a bearish wave count. ADA reached a new yearly high of $0.68 on December 14, but has since experienced a drop. Technical analysis suggests that ADA might correct before possibly attaining new highs, with resistance around $0.68. If ADA surpasses this resistance, it could potentially rise to $0.90.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.