One of the coins that was greatly affected by the withdrawal in Bitcoin was Cardano (ADA), can reaction rises be seen in ADA?
Cardano (ADA) is one of the altcoins that broke the support levels one by one. ADA, which could not sustain above $ 0.38, could not hold on the support of $ 0.37. Pricing in the middle of resistance and support values, it was a matter of curiosity in which direction the major coin would go. How about the chart for ADA? Can ADA turn its course upwards by getting a reaction from the support level?
Cardano (ADA) Chart Analysis
Influenced by the oscillating movement in Bitcoin, ADA, which is priced down, broke the 0.37 support level. After this support is broken, can a test of the next support level to $ 0.348 take place? The major coin, which started to retreat from $ 0.38, went into a collapse with BTC loosening to $ 26,600.
If ADA fails to top the $0.37 resistance, it could continue its downside move. Support points for ADA to follow are $0.348 – $0.32 and $0.301 respectively. These values may be levels where buyers in the ADA can play an active role. As the price breaks above the resistance, upsides to $0.3706 – 0.419 – 0.427 – 0.443 and 0.461 are possible for ADA, respectively.
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