While many seem bullish on ADA, I’m keeping a cautious eye on its current price action. Here’s why:
BTC has been pumping lately, but Cardano (ADA) has remained stuck in a range. This divergence has me expecting a bit more correction for ADA, especially if BTC experiences a retracement in the near term.
Looking at the charts, I anticipate ADA might find its bottom around the midline channel, approximately $0.82. This level looks like a strong potential support zone where we could see some buyers stepping in.
BTC has been pumping lately, but Cardano (ADA) has remained stuck in a range. This divergence has me expecting a bit more correction for ADA, especially if BTC experiences a retracement in the near term.
Looking at the charts, I anticipate ADA might find its bottom around the midline channel, approximately $0.82. This level looks like a strong potential support zone where we could see some buyers stepping in.
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.
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.