Cardano broke 0.25 support level

14 Sep 2023

Hi guys, let's look at the current situaition on Cardano.

Cardano broke 0.25 support level thanks to recent Bitcoin drop to 25k. Cardano is showing its weakness again and I don't expect that it will rise somewhat significant.
Considering some correction on Bitcoin it's epected that Cardano price will also rise a bit but not much. After drop on Bitcoin its price recovered and again trading above 26k but Cardano didn't manage to go back above 0.25 level. This shows weakness on Cardano and willingness to fall further at least up to 0.2 level.

Lets see how far Cardano can drop, write your thoughts in comments below.

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Many thanks.

21 Sep 2023

Nota

Cardano continue to trade in a narrow price range around 0.25 level.
There is nothing much happening on Cardano and I still expect its fall to 0.2 level.
In case if Bitcoin rise to 28k-29k then ADA also will rise but I don't think that it will rise higher than 0.28 level.