Hello, welcome to this ADA/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Cardano (ADA) plunged to a three-month low on Thursday, as traders remained nervous, following the recent U.S. Securities and Exchange Commission (SEC) lawsuits. After a high of 0.3376 on Wednesday, ADA/USD dropped to a bottom at 0.3196 earlier in today’s session. The drop pushed the token to its lowest level since March 15, when price was at a bottom of 0.3166. this decline came as the relative strength index (RSI) moved deep into oversold territory, falling to a low below 30.00. The index has since rebounded, and is tracking at 34.21, which is marginally above a key level of resistance at the 33.00 mark. Should this upward momentum continue, bulls will look to recapture the 0.3500 level.
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