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Cardano (ADA) UPDATE:-
With the Vasil upgrade going live, Cardano had a good attempt at rallying, but the volume was simply not there to make it count. For this reason, ADA’s price registered a 2% loss in the past seven days. The support is at $0.43, and this key level has managed to stop the downtrend in the past.
To turn ADA’s price around and move into an uptrend, buyers will have to break the $0.50 level. Otherwise, the cryptocurrency will continue to move sideways between these key levels as before. The indicators are also rather flat, indicating a consolidation period.
Looking ahead, ADA appears to be taking its time before making any significant move. The bias is neutral. The best thing that can happen to Cardano at this time is a break of the key resistance at $0.50.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Cardano (ADA) UPDATE:-
With the Vasil upgrade going live, Cardano had a good attempt at rallying, but the volume was simply not there to make it count. For this reason, ADA’s price registered a 2% loss in the past seven days. The support is at $0.43, and this key level has managed to stop the downtrend in the past.
To turn ADA’s price around and move into an uptrend, buyers will have to break the $0.50 level. Otherwise, the cryptocurrency will continue to move sideways between these key levels as before. The indicators are also rather flat, indicating a consolidation period.
Looking ahead, ADA appears to be taking its time before making any significant move. The bias is neutral. The best thing that can happen to Cardano at this time is a break of the key resistance at $0.50.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
