It's looks to me like ADA has broken a major support zone, and the only other support I see is around 1100-1500 sats; unless, of course, if ADA forms a new support level. We do have some bullish divergence with the RSI (denoted by the green line). So we may see a reversal in the near future. If not, Cardano could end up hurting a lot more.
Based on the current trend (denoted by the blue lines) I think we could see ADA at 1500-1700 sats (yellow zone) if we don't see a new support form sometime soon.
Would love to hear what you guys think.
Cheers.
Based on the current trend (denoted by the blue lines) I think we could see ADA at 1500-1700 sats (yellow zone) if we don't see a new support form sometime soon.
Would love to hear what you guys think.
Cheers.