Cardano ADA price is trying to stop falling) Maybe it will grow
If we look at the ADAUSDT price chart globally, we can say that buyers are mega-passive.
At a time when quite a few altcoins are trying to grow, the ADA price continues to move in a downward channel, updating the 2022 low in November.
And some very strong altcoins, such as MATICUSDT, have long ago left the falling channel and changed the trend of price movement.
On the other hand, the ADAUSD price has entered the liquidity zone of $0.28 - 0.35, where it is trying to round up and show signs of a possible trend reversal.
If you believe in the positive prospects of the Cardano project, then the liquidity zone of $0.28 - $0.35 is a good place to take a long position for part of the deposit for the long term.
Analyzing the current price behavior of ADAUSDT, it is hard to hope for rapid growth. But $0.60- 0.65 for ADA closer to the middle of winter 2023 why not ?)
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At a time when quite a few altcoins are trying to grow, the ADA price continues to move in a downward channel, updating the 2022 low in November.
And some very strong altcoins, such as MATICUSDT, have long ago left the falling channel and changed the trend of price movement.
On the other hand, the ADAUSD price has entered the liquidity zone of $0.28 - 0.35, where it is trying to round up and show signs of a possible trend reversal.
If you believe in the positive prospects of the Cardano project, then the liquidity zone of $0.28 - $0.35 is a good place to take a long position for part of the deposit for the long term.
Analyzing the current price behavior of ADAUSDT, it is hard to hope for rapid growth. But $0.60- 0.65 for ADA closer to the middle of winter 2023 why not ?)
_____________________
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