with Altcoin market breakdownCardano is still one of the few players Maintain the level of decisive support. After a 10.75 % drown yesterdaythe The fall continues by 3.80 %Bring the market price to 0.6610 dollars.
with Decrease 24 hours at $ 0.63the ADA PRICE was a potentially backward support level. Will this Cardano return to $ 1?
Will it remain a lead in the survival of the declining pressure?
Break EMA line for 200 daysCardano has The Fibonacci level violated 61.80 % from $ 0.6673. However, with Reduced rejection pricethe Cardano bulls maintain the dominance of the descending trend line.
However, the Increase the declining effect Now a warning of potential Hepbody transitions in the Technical indicators. the EMA lines 50 and 100 days And about to achieve a Negative.
Moreover, and MACD signal lines and signal lines Increase to Cross negative. Thus, and Technical indicators They are dropping a It is possible that it is a more desperate correction.
The main ADA price goals
According to Fibonacci levels, Potential in Ada prices from Local support line It is likely to challenge 50 % Fibonacci level at $ 0.7746. if The broader market settlesThe upward trend can reach 38.20 % level at $ 0.8819.
However, a Detamental closure below the local support line You are likely to put 78.60 % Fibonacci level on the landline radar. this Fibonacci key level At a little Above psychological support is $ 0.50 at $ 0.5146.
Beyond this, and The following immediate support is $ 0.32.
Cardano ETF file and up to my bullish?
as well as The possibility of a bullish reflectionthe US Securities and Exchange Committee (SEC) He has Acknowledge the introduction of the Cardano ETF file. the 19B-4 file It was presented before NYSE ArcaA subsidiary of NYSE collection.
The purpose of the deposit Grayscale to convert Cardano Trust to Cardano Etf. This will be done according to NYSE Arca Rule 8.201-eHe deals with him Endocrinology -based confidence shares.
Is building optimism among merchants?
on Derivatives frontthe Cardano Open attention He decreased by 11 % to 564.14 million dollars. However, the The financing rate has been widely recovered to 0.0093 %After rotating Negative on February 20 and Dip moments again last night.
the It remains long down to 0.9384with Long qualifiers rise to $ 7.65 million. Like Other altcoinsthe Optimism.
This has been highlighted before Long to shortThe detection Two to three times more than open jobs in play
