Can Cardano Recover Soon? Anticipating the $0.30 Milestone
Cardano (ADA) has seen a slight recovery in recent Trading sessions, but its price remains near a resistance level. It has experienced a 2% increase in the past 24 hours, but weekly gains have been erased, resulting in a 7% depreciation. The technical outlook is not bullish, with low demand and accumulation. Bitcoin dominance has increased, and other altcoins have also seen minor gains. For ADA to move upwards, Bitcoin needs to surge. ADA’s Market capitalization decrease suggests bearish sentiment. ADA is currently trading at $0.27, with $0.30 as a potential level to watch. The $0.26 level has acted as a bullish order block.
parofix.com
Cardano (ADA) has seen a slight recovery in recent Trading sessions, but its price remains near a resistance level. It has experienced a 2% increase in the past 24 hours, but weekly gains have been erased, resulting in a 7% depreciation. The technical outlook is not bullish, with low demand and accumulation. Bitcoin dominance has increased, and other altcoins have also seen minor gains. For ADA to move upwards, Bitcoin needs to surge. ADA’s Market capitalization decrease suggests bearish sentiment. ADA is currently trading at $0.27, with $0.30 as a potential level to watch. The $0.26 level has acted as a bullish order block.
parofix.com
