$USDC
The price of Cardano entered a long consolidation phase within a descending channel, significantly influenced by ongoing trade tensions between the United States and other countries.
This trading climate pushed the price of ADA to $0.50 in April.
However, a turning point occurred in mid-April when ADA began to recover, climbing to the upper end of the channel to reach $0.85 in May.
This recovery was bolstered by a decrease in trade tensions, especially after the UK signed an important agreement.
However, recent tensions with the European Union have raised concerns among many investors, but considering the threat posed by the price of ADA, it has not dropped below the key exponential moving averages, and in order not to break key support levels, the bullish outlook remains intact.