$ADA Although Cardano
ADA
$0.47
traded below the $0.46 support for a few days, the bulls did not allow the price to slip below the April 13 low of $0.40. #ADA/USDT daily chart. Source: TradingView
The failure to sink the price lower may attract buyers who will try to push the price to the 20-day EMA ($0.52). If the price turns down sharply from the 20-day EMA, it will signal that the rallies are being sold into. That could pull the price to the $0.46 to $0.40 support zone. A slide below the zone could result in a fall to $0.35.
Contrarily, if buyers shove the price above the 20-day EMA, it will suggest that the correction may be over. The ADA/USDT pair could then attempt a rally to the 50-day SMA ($0.63).
