5h ago
Cardano Analyst Flags $0.304 Parallel Channel Resistance With $0.338 And $0.376 Targets
Analyst Ali Martinez has identified a Parallel Channel pattern on Cardano's 4-hour chart, highlighting $0.304 as a critical resistance at the channel's upper boundary. After roughly 45 days of sideways trading, ADA has rebounded from channel support and climbed near $0.290, with potential upside targets at $0.338 and $0.376 if a breakout occurs. Cardano is currently trading around $0.288, marking a gain of more than 8% over the past week.