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With clear support established at 65 cents, ADA has a good shot at challenging the key resistance at 90 cents next. So far, buyers were a bit shy and did not manage to take ADA beyond 80 cents. Nevertheless, they can try again later as long as the key support holds.
After the bounce on the key support, buyers rushed to ADA, but their enthusiasm was short-lived. They will need to break the 90-cent resistance to confirm that the downtrend is over. Until that happens, sellers could still return at any moment. For this reason, this is a critical time for Cardano.Based on the daily RSI, Cardano has already bottomed since this indicators is making higher lows. To confirm this reversal, this cryptocurrency will need to break the key resistance and reclaim the psychological level at $1. Once there, bulls will be back in charge of the price action.One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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