[Video] Brace for a significant price reaction in Cardano upon retesting the $0.30 level.
FXStreet’s analysts have conducted a technical and on-chain analysis of Cardano’s price, predicting where the cryptocurrency could be heading next. The analysis takes into account the recent market trends and developments in Cardano’s technology ecosystems. The video discusses the potential bullish and bearish scenarios for ADA’s price, as well as the key support and resistance levels to watch out for. It also analyzes the on-chain metrics for Cardano, including its transaction volume and daily active addresses, to give a comprehensive overview of the cryptocurrency’s performance in the market. The analysts conclude that Cardano’s price could continue to rise in the short-term, but caution that a correction is possible if the market sentiment turns negative. Overall, the analysis provides valuable insights for traders and investors who are considering buying or selling Cardano in the near future.