Cardano (ADA) has been showing similar movements to Bitcoin in recent months and is currently consolidating around $1. However, if BTC corrects in the coming weeks, ADA is likely to perform worse. 📉

On the USDT chart, ADA is consolidating around $1 after being rejected from the $1.3 resistance level. The price could fall towards the $0.75 support level and target the 200-day moving average at $0.55.

The ADA/BTC chart also presents a similar picture. If the 900 SAT level is broken, a drop to 700 SAT and below is expected. If the crypto market and Bitcoin’s general trend remains bearish in the short term, ADA is likely to enter a downward phase. 🌐