The volatile hours in Bitcoin have affected Cardano (ADA), can the decline continue in ADA, which has lost its support level?
ADA was added to the altcoins that were shaken by the withdrawal of Bitcoin. Breaking the resistance and aiming for an upper point, ADA sagged below this resistance again after the depreciation of BTC. What does the technical analysis show for the major coin, which is currently trading at $0.365?
Cardano (ADA) Chart Analysis
It last saw $0.461 in mid-April, showing a net increase after a long time. ISLAND , coming to $ 0.348 in a short time lost more than 20 percent of value. ADA, which is currently trading just below the 0.3706 resistance, has not yet been able to throw it into the safe zone. stability in your BTCConsidering that, the $0.3706 and $0.3488 levels for ADA are critical levels for buyers.
On the ADA side, in order for the rises to begin, it can be observed that the resistances of 0.41 – 0.427 – 0.44 and 0.46 dollars, respectively, are exceeded. In addition, developments in the Cardano ecosystem can be followed closely. In the scenario where BTC does not fall or remains stable, high levels can be expected in ADA.
