ADA Price Forecast ))))))))
As of the current position, the ADA price is trading at $0.58, reflecting a 1.93% intraday drop, which mirrors the increase in overall supply pressure. However, the formation of a tail indicating price rejection at lower levels could be leading to a potential reversal of the uptrend. The bear pattern’s neckline coincides with the support trend line and the $0.567 level.
This situation could reflect a critical point for determining the future price trend of Cardano. If buyers manage to push prices up from a double bottom reversal, the ADA price could reach $0.68. However, a fall below the critical support could reduce its market value by 20%, taking it down to $0.46. Consequently, according to experts, the correction in the cryptocurrency may have come to an end. Moreover, if Cardano breaks the indicated formation, it could reach the $0.68 level. Contrary to the assumption, a drop below the critical level could lead to a potential new wave of correction.
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