【Is ADA Really About to Take Off This Time? The Rise of GeeFi Puts Pressure on It!】
I saw a message: Cardano’s (ADA) Growth Gets Outpaced by GeeFi (GEE) as Over 25M Tokens Were Sold in a Few Weeks. It feels like ADA is up to something! Wow, this operation is truly astonishing. GeeFi has sold its current range of tokens so quickly, it’s practically overshadowing ADA. To be honest, I’m a bit worried that ADA might be overwhelmed.
Now let’s take a look at ADA’s market situation. Current price $0.368673, the trend is still bullish, RSI 50.6, it looks relatively stable. However, guys, you know that once new hotspots emerge in the market, funds will be diverted. In terms of key price levels, the support level is at $0.353900, resistance level at $0.383400, and breakout point at $0.377900. I think if ADA can break through this $0.377900, that would definitely be great news, and there might be a nice rally coming.
My trading plan is as follows: I already have some positions, and I’m ready to add more near $0.377900, targeting $0.383400. Of course, safety comes first, if it breaks the support level of $0.353900, I will not hesitate to stop-loss and exit. To be honest, I’m itching to trade, but I still need to stay calm, after all, the market is unpredictable.
What do you think about this position? Feel free to discuss!
📊 Key price levels:
• Support level: $0.353900
• Resistance level: $0.383400
• Breakout level: $0.377900
