Could the decline deepen in Cardano (ADA) hanging below an important support area for long-term price movements?
One of the notable names in the altcoin market was Cardano (ADA). ADA, which experienced a decrease of 3.32% in the last 24 hours, became the second most depreciating coin of the day. ADA failed to hold on to this value by coming back to the $0.32 point, which has worked as a solid support point in the past. Moving towards a lower support level, can ADA recover soon and turn its course upwards?
What’s the Latest on Cardano (ADA) Chart?
Cardano (ADA), which fell heavily by breaking the $0.37 support, could not find a buyer at the $0.348 support and came to a lower band. Looking at the current chart, ADA came in at $0.32, which was a critical support area in the past. If the declines continue in the major coin, which cannot maintain this support level, a contact with $ 0.301 may come.
In order to talk about the rises on the ADA side again, the $0.32 band must be exceeded and the price must be able to hold. With the net overrun of $0.32, the levels of 0.348 – 0.376 – 0.419 and 0.427 can be targeted, respectively.
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