Cardano (ADA) "Tight Range"
Cardano continues to hold its strong support at the $2.00 mark. We are still stuck between the range between $2.00-$2.32. Volume on the 4hr has also been decreasing, showcasing the potential for a break-out in the coming weeks/months. My upward target for ADA still remains at the $4.00 mark. That being said we could remain down in this range for the next few weeks.
Purchases down near the $2.00 mark are good entries for new hodlers and those still building out their bags.
*Note ADA is still dependant on the wider market movers, such as BTC. If BTC has a drastic increase over a short time span - other coins, ADA included will likely bleed. A slow increase or sideways movement of BTC will likely allow ADA and other Alts to have a little run.
Purchases down near the $2.00 mark are good entries for new hodlers and those still building out their bags.
*Note ADA is still dependant on the wider market movers, such as BTC. If BTC has a drastic increase over a short time span - other coins, ADA included will likely bleed. A slow increase or sideways movement of BTC will likely allow ADA and other Alts to have a little run.
Penafian
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