Cardano (ADA) has been showing a similar trend to Bitcoin over the past few months, currently consolidating around the $1 level. However, if BTC adjusts in the coming weeks, ADA may decline more sharply.
- **USDT Pair Chart**: ADA has consolidated around the $1 level after being rejected at the resistance level of $1.3. Currently, the price is decreasing towards the support level of $0.75 and may break below it, targeting the 200-day moving average around $0.55.
- **BTC Pair Chart**: Similarly, the ADA/BTC chart shows a consolidation trend. If the 900 SAT level is broken, the price could drop further towards the 200-day moving average at 700 SAT.
Despite the market showing a short-term downtrend, blockchain technology still holds promise 🌟