Cardano ADA hit the lowest of all time low of past 2years 0.22, the current trend market trend of is sideways there are no bearish or bullish sentiments in the technical Analysis of Cardano (ADA),
ADA is currently on strongest support monthly/weekly that is the first lowest low of ADA since the start of bear market from 2021, ADA might be possible could go more low may be to 0.1 or below it no matter how the strong fundamentals are but the potential doesnt seems strong
In the begining of 2023 Cardano launch its stable coin but it also didnt bring any effect.
If ADA breaks this support zone then the next strong support zone is 0.12 so if somebody is asking me that if they hold position in ADA is i would advice a big no but if your buying in spot then i will strong yes and also if it get dump dca it for future huge gains.
P.S Not a financial Adivce do your own research this analysis is done on demand, you guys can note downmy mistake if im wrong and also i will love if you guys appreiciate my efforts by liking and commenting and sharing,
Thank you
-BeyOglu(Nabeel).
