Cardano (ADA) is closely following Bitcoin in price volatility and is currently undergoing a similar correction. On the USDT pair chart, ADA experienced a strong surge since the beginning of November, surpassing the 200-day moving average. However, the resistance level of $1.2 has rejected ADA several times, leading to a correction towards the support zone of $0.75. If it holds, ADA could soon break through $1.2. Conversely, if it breaks down, the price could fall to the 200-day moving average around $0.5.

On the ADA/BTC chart, Cardano has outperformed Bitcoin in the recent rally but is weakening against BTC. The support level of 1,000 SAT is nearly broken, which could lead to a drop to 700 SAT. This indicates that BTC is likely to outperform ADA in the coming weeks. 📉