When is the best time to purchase Cardano? Here Are the Possible Target Levels for the ADA Price This Weekend!
After a brief uptick over the last several days, the crypto-space is correcting once more. While the other crypto currencies are putting all they have towards breaking through and staying above their immediate resistance levels, ADA looks to be pleased with trading over $1. Bitcoin’s price has at least attempted to hit $39,000, but the Cardano rise has reduced its volatility to trade slightly over $1 levels on a consistent basis.
However, these levels might be tested by a powerful negative wave impulse, dragging the market down to its pre-bull run levels in 2021. Cardano is largely impacted by external circumstances, therefore the debut of DEX and the operation of the first DEX SundaeSwap have little effect to the ADA price. As a result, lower levels may be on the way this weekend.
For a long time, the ADA price has been trading within a falling triangle with solid horizontal support. Every time, the asset immediately recovers, but the current situation is a bit different since it has been consolidating on the support for about a week. As a result, if it does not receive the necessary lift, it may fall down, slicing the support levels.
Furthermore, the next support level is just $0.683 away. There are, without a doubt, a few levels of support in between, but they do not look to be strong enough to last. It might cause a slight pump, but only for a brief period of time. As a result, until and until the market trend shifts somewhat or a large inflow of volume floods the market, the Cardano(ADA) price is unlikely to alter much.
