After the $0.37 support is broken, can Cardano (ADA), which is at the intermediate price, turn its course up again?
Displaying an effective performance in the first quarter of 2023, Cardano was also able to stand out as an ecosystem. ADA, which has risen more than many altcoins, has started to lose strength with the effect of BTC in recent days. How does the chart continue in ADA, one of the old names of major coins?
Cardano (ADA) Chart Analysis
Finally, ADA, which saw $ 0.461 in mid-April and increased in volume after a long time, came to $ 0.3807 and lost nearly 18 percent in value in a short time. ADA, which is currently trading at an intermediate price, has not been able to place it in the safe zone. Considering the instability of BTC, the $0.3706 and $0.3488 levels for ADA are critical levels for buyers.
On the ADA side, it is of great importance that the resistances of 0.41 – 0.427 – 0.44 and 0.46 dollars are overcome, respectively, and that there is a positive news flow in the market in order for the rises to begin. If BTC does not falter or remains stable, higher levels can be expected in ADA.
45597
