$ADA The Cardano (ADA) cryptocurrency is facing selling pressure after failing to maintain its positive momentum, showing signs of a potential decline.
Key points:
Resistance level: $0.50. If it does not break through, the decline is likely to continue.
Support level: $0.38. If broken, we may witness a sharp decline.
Forecast:
Bearish scenario: If the coin remains below $0.50, it could drop below $0.38.
Bullish scenario: A strong break above the $0.50 level is required, which could lead to a rise towards $0.55.#StrategyBTCPurchase #CryptoRally #PowellWatch #ETHInstitutionalFlows #FamilyOfficeCrypto