Cardano (ADA) Price Analysis (Critical Support Levels)!

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The ISLAND, which was sailing in a narrow channel in October, experienced a depreciation of about 13%, breaking down the channel after sales were realized together with market declines. With this loss of value, he noted NAME, which fell below the $2 price levels, a critical support level.

Sales Pressure at the Levels of 2.14-2.23 Dollars

Smart contract platform CardanoADA, the crypto currency of the ISLAND, has temporarily declined to the price levels of 1,90 dollars, as it broke down the symmetrical triangular structure it made during October. the breakage of the strong support zone at the price level of $ 2 led to an average depreciation of 10% on the ISLAND. Various data and indicators, NAMEHe noted that the US $ 2.14 to DEC 2.23 faces a large amount of selling pressure, which means that upward price movements will not be so easy.

The Critical 2 Dollar Level

Many expert analysts said that if ADA falls below the 1.90 price levels, it may fall to the 1.80 dollar levels, and ADA may suffer greater value losses due to the lack of a strong support level at the 1.80 dollar levels. On the other hand, ADA will rise above the 2 dollar price levels again, Cardano it has largely addressed the concerns of its investors.

At the time of writing, Cardano (NAME), trading at price levels of $65 with a market capitalization of $2.03 billion, according to CoinMarketCap data.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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