Cardano is looking solid on the way to $1 before end of February
After breaking the $0.61 fib level and restesting it, looks like Cardano is on the way to hit $1 valuation before the end of the month. This is followed by the successful deployment of the Mary update to the public testnet last Thursday, which enables the creation of native tokens in the Cardano network. When this update goes to the mainnet, we will see a huge explosion in price. At the current state, the $1 target seems conservative.
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ADA reached the bottom of the 2.61 fib retracement resistance area, but it's still looking bullish. With the current strength, it will go above $1 very quickly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.