$ADA Cardano price analysis.......📈📈📈
ADA
$0.47
turned lower from the 20-day EMA ($0.50) on April 23 and reached the important support at $0.46.
#ADA/USDT daily chart.
If the price rebounds off the $0.46 level and rises above the 20-day EMA, it will suggest that the correction may be over. The ADA/USDT pair could then rally to the 50-day SMA ($0.59) and later to $0.68.
Instead, if the price continues lower and breaks below $0.46, it will indicate that the bears remain in charge. The pair could then slump to the crucial support at $0.40. A break below this level may resume the downtrend.
