Cardano’s price currently hovers above the $0.66 support level but risks slipping below it if bearish momentum continues. A drop under this line could push ADA down to $0.60 in the coming days.
Continued whale selling could exacerbate downward pressure even if inflows remain strong. Persistent profit-taking from large holders would make sustained recovery more difficult.
However, if ADA manages to hold $0.66 and attract renewed buying interest, the altcoin could rise above $0.69 and potentially reach $0.75. Such a move would invalidate the bearish outlook and mark the start of a short-term rebound.
Continued whale selling could exacerbate downward pressure even if inflows remain strong. Persistent profit-taking from large holders would make sustained recovery more difficult.
However, if ADA manages to hold $0.66 and attract renewed buying interest, the altcoin could rise above $0.69 and potentially reach $0.75. Such a move would invalidate the bearish outlook and mark the start of a short-term rebound.
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Leader in crypto news, award winning journalism in 26 languages.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.