Cardano (ADA), which has lost 17.46 percent since mid-April, has approached a critical price range.
Displaying an effective performance in the first months of 2023, Cardano was also able to stand out as an ecosystem. ADA, which has increased more than many altcoins, has started to lose power with the effect of BTC in recent days. What’s going on in ADA, one of the old names of major coins?
Cardano (ADA) Chart Analysis
Seeing $0.461 in mid-April, ADA, which increased in volume after a long time, came to $ 0.3807 and lost nearly 18 percent in value in a short time. Pricing very close to the support band, ADA generally started to rise with the contact to this level. Considering the instability of BTC, the $0.3706 and $0.3488 levels for ADA are of great importance for buyers.
On the ADA side, one of the main criteria is to overcome the resistances of 0.41 – 0.427 – 0.44 and 0.46 dollars, respectively, and the current news flow of the market in order for the rises to begin. In the event that BTC does not falter or remains stable, there may be high expectations in ADA again.
