Cardano (ADA): Here Are 3 Key Levels You Have to Watch
CRYPTO TREYSI
Based on the ITB indicator's analysis, the $0.35 threshold for Cardano has emerged as a significant support level, showing a potential consolidation phase for the asset. The next important level is the $0.37 resistance, with 3.6 billion of selling volume. The biggest support level for the asset is located at the $0.3 threshold.
The steady upward trajectory of Cardano over the past two weeks has also bolstered confidence in the cryptocurrency. As ADA continues to gain traction and its ecosystem expands, the strong support at the $0.35 level could serve as a crucial foundation for the asset's long-term stability and success.
At press time, Cardano is trading at $0.36, with a 3.2% price decrease in the last 24 hours.