Forecast $ADA : Looking for Support

At the time of writing this analysis, ADA is trading at $0.90, having risen by just over 4% over the past 24 hours. After a short-term drawdown, the altcoin still managed to rise above the support level at $0.87.

In the foreseeable future, Cardano is likely to continue consolidating between the $0.87 and $1.00 levels. This will continue until more pronounced signals appear on the market - bullish or bearish. This range will serve as a price stabilization zone for the cryptocurrency.

If ADA fails to hold $0.87 as support, then the next goal will be a rollback to the next support at $0.77. Such a drawdown will strengthen the bearish sentiment and become an obstacle to the recovery of the Cardano rate.$BTC $SOL