Yesterday’s market crash pushed ADA listed below $1.5. Since composing these lines, ADA deals with an essential support level at $1.3. In case that this level breaks down, ADA is likely to retest $1.
Secret Support levels: $1.3, $1
Key Resistance level: $1.5, $1.7
Cardano’s native token has seen a downtrend correction considering that early September, following striking the current all-time high at $3.09, according to CoinGecko.
Sadly for ADA’s holders, the most recent market crash drove it listed below the key support level at $1.5 down to $1.3. Rate is currently having a hard time to maintain the crucial assistance, and ADA may continue to be up to $1 if the current level isn’t able to hold.
ADA has actually remained in a high and aggressive bearish pattern that began months before this market crash. For that reason, the bears are in control of the marketplace. In order to begin seeing a bullish reversal, the cost needs to recover the $1.5 level, which has become resistance following the weekend crash.