ADA Might Break Through The Current Resistance Zone
Cardano (ADA)
Cardano is currently trading between a support level of $0.354 and a resistance zone of $0.38-$0.41. This price range has been tested three times over the past two weeks.
If Bitcoin continues its upward trend, the next goal for Cardano would be to reach new highs. In this scenario, ADA could break through the current resistance zone and test the $0.43 level. A subsequent stabilization of its price within the $0.41-$0.43 range is a likely outcome.
On the other hand, should Bitcoin undergo a correction, Cardano might drop to support zones around $0.330-$0.342, $0.325, and $0.305-$0.315. Further declines in ADA's value would largely depend on the trajectory of Bitcoin's price movement.
Cardano is currently trading between a support level of $0.354 and a resistance zone of $0.38-$0.41. This price range has been tested three times over the past two weeks.
If Bitcoin continues its upward trend, the next goal for Cardano would be to reach new highs. In this scenario, ADA could break through the current resistance zone and test the $0.43 level. A subsequent stabilization of its price within the $0.41-$0.43 range is a likely outcome.
On the other hand, should Bitcoin undergo a correction, Cardano might drop to support zones around $0.330-$0.342, $0.325, and $0.305-$0.315. Further declines in ADA's value would largely depend on the trajectory of Bitcoin's price movement.
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