Cardano (ADA) Update: current price and most likely scenario in the medium term
🪙 Current price:
trading near $0.56–$0.5621, consolidating after the recent correction
📊 Technical overview: $ADA moves in a sideways channel between $0.54 and $0.59. If it manages to surpass $0.60–$0.63 (EMA-20/50 zone), it could drive a rally towards $0.70–$0.72 in the coming weeks coindcx.com+1coincodex.com+1. 🔍 Medium term (3–6 months): Controlled Uptrend: analysts project a gradual movement towards $0.76–$0.84 during July–September, with a possible range of $0.55–$0.88.
$ADA In the red numbers but accumulating little by little.
Although the current trend signals a short-term bearish outlook, it is highly likely that we will see a shift to a bullish trend in the medium/long term.
Remember to buy low and sell high; from a medium/long-term perspective, it is better to buy when the cryptocurrency is doing poorly as long as it has solid fundamentals and taking into account the supports and resistances.
Also, remember to never invest money that you are not willing to lose, always with responsibility and detailed analysis.
The performance of ADA in recent months is poor, but personally I see it as something positive, a chance to buy and achieve a good profit in the medium/long term
Crypto_Army_
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$0.56 $ADA may feel bearish to you now, but I use to remember when $0.10 $ADA felt awesome.#NODEBinanceTGE