Well we are in a very long down-trend as you know and we had some fake breaks which you also know but the question is what will happen next?
there was a lot of good news for Cardano lately but we can't see any powerful move from it on the chart...
the BTC pear does not look very well, with BTC going up Cardano also goes up but the problem starts when ADABTC and BTCUSDT go down at the same time...
If BTC continues its move toward 49K which I believe it will, Cardano goes toward 1.20 cents and ADA has a chance to get rid of this long downtrend BUT if BTC goes down sharply after touching 49-50K to 44K and lower... it's just another fake-out for ADA and we are going to see 67 cents.
there was a lot of good news for Cardano lately but we can't see any powerful move from it on the chart...
the BTC pear does not look very well, with BTC going up Cardano also goes up but the problem starts when ADABTC and BTCUSDT go down at the same time...
If BTC continues its move toward 49K which I believe it will, Cardano goes toward 1.20 cents and ADA has a chance to get rid of this long downtrend BUT if BTC goes down sharply after touching 49-50K to 44K and lower... it's just another fake-out for ADA and we are going to see 67 cents.