Analysis

Cardano (ADA) is currently facing a challenging period as its price hovers near the critical support level of $0.3389. The overall cryptocurrency market has been feeling the pressure of a bearish trend, and ADA is no exception to this downward movement. This decline in Cardano’s price is influenced by a combination of macroeconomic factors, market
Bitcoin price has experienced a bearish momentum, dropping below the $60,000 mark. This decline suggests a short-term downtrend for BTC, with potential hurdles around the $62,000 price level. Bitcoin saw a fresh decline from the $62,550 resistance level, leading to a current trading position below $61,500 and the 100 hourly Simple moving average. Key resistance