3 min readCARDONA (ADA/USD):
Cardano’s price action has surged to new highs over the past week following Trump’s election to the presidency. The asset has gained over 50% in just a week, marking a remarkable upward movement.
A closer look at the technicals reveals several key targets on the weekly timeframe that we could reach before any potential downward movement. In the short term, I’m particularly interested in how price action responds to the resistance zone around $0.75. Observing the RSI indicator, it’s evident that we haven’t yet breached the 70% level, suggesting that the asset may not be overbought at this stage.
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