One of the coins that was greatly affected by the withdrawal in Bitcoin is Cardano ( ISLAND) happened, can reaction spikes be seen in ADA?
At the beginning of the altcoins that broke the support levels one by one, Cardano ( ISLAND ) is coming. 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. ISLANDWhat’s up with the chart? ISLANDCan , get a reaction from the support level and turn its course upwards?
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.
