ADA
, like many other altcoins, is currently in a downward trend. The asset has recently broken through another support level, reaching a local low of $0.450.
Given its strong correlation with BTC , a further decline in ADA appears likely. Potential support levels for sellers might be found at $0.430 and in the range of $0.398–$0.417.
For a reversal of this downward trend, BTC needs to stabilize above the resistance level of $42,000, which could positively influence altcoins, including Cardano ( ADA ). In such a scenario, ADA might test resistance zones at $0.471–$0.486 and $0.517–$0.536, possibly signaling a return to an upward trajectory.
Given its strong correlation with BTC , a further decline in ADA appears likely. Potential support levels for sellers might be found at $0.430 and in the range of $0.398–$0.417.
For a reversal of this downward trend, BTC needs to stabilize above the resistance level of $42,000, which could positively influence altcoins, including Cardano ( ADA ). In such a scenario, ADA might test resistance zones at $0.471–$0.486 and $0.517–$0.536, possibly signaling a return to an upward trajectory.
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