Can Cardano (ADA) Return to Its Upward Trajectory?CRYPTOCAP: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 CRYPTOCAP:BTC , a further decline in CRYPTOCAP: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 ( CRYPTOCAP:ADA ). In such a scenario, CRYPTOCAP:ADA might test resistance zones at $0.471–$0.486 and $0.517–$0.536, possibly signaling a return to an upward trajectory.