ADA/USD 1DAY UPDATE BY CRYPTOSANDERS

Hello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Cardano (ADA) hit an all-time low in today’s session, as sentiment in cryptocurrency markets remains bearish, following recent economic data.

ADA/USD dropped to an intraday low of $0.2845 earlier in today’s session, less than a day after trading at $0.3026.

Today’s sell-off comes as cardano fell for a third straight session, breaking out of a key support point in the process.

Looking at the chart, the aforementioned floor is at the $0.3000 mark, which was broken once before, on November 21.

The 14-day relative strength index (RSI) also moved below a floor of 35.50, and as of writing is tracking at 30.91.

This is the lowest point the index has hit since October 22, with prices hitting a bottom of $0.3100 on that occasion.

This is not a piece of financial advice.
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