ADA is currently trading in the area of support around $1. In 2021, this area held on multiple occasions. It's going to be interesting to see whether this area will hold or not.
Everything depends on BTC and the overall stock market. If those drop further, so will ADA. In that case, I'm looking at the $0.7 area for a potential shorting target.
Happy trading!
Everything depends on BTC and the overall stock market. If those drop further, so will ADA. In that case, I'm looking at the $0.7 area for a potential shorting target.
Happy trading!
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