$ADA is close to its support level.

I would suggest waiting for another 12-24 hrs to see how things develop before opening a long position. No rush here.

We have multiple indicators showing potential for an upward trend (RSI, OBV, SAR, Fisher, EMA).

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What to keep in mind about ADA:

👉2.9 billion ADA were purchased at an average price of 0.481 which creates a major resistance zone for us.

👉Cardano (ADA) is behind ETH and SOL in terms of the size of the ecosystem. So the majority of developers might prefer ETH and SOL over ADA. This raises doubts about its potential.

Stay tuned!