ADA/USDT 1DAY UPDATE BY CRYPTO SANDERS

Hello, welcome to this ADA/USD 1DAY chart update by CRYPTO SANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Cardano managed to temporarily stop the downtrend this past week when the price made a higher low. In the process, ADA kept its price at a similar level to seven days ago (or around $0.31). The big question for Cardano holders is if it can break above the resistance at $0.34.

The current buy volume is not encouraging, and ADA is suffering from a lack of interest from market participants. Nevertheless, as long as the price does not make a lower low, this could be a sign that sellers have become exhausted.

The support continues to hold well at $0.30, and it appears unlikely for ADA to retest this level at this time. The more likely scenario seems to be for buyers to attempt a break of the key resistance. Any failure there could embolden sellers to return in force.

This is not a piece of financial advice.
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