Cardano Bulls Brace For ADA Price Slide Before $1 Hits

Stupendously large crypto whale sell-offs over the past three days had triggered more downside for Cardano (ADA), the currency behind the popular Layer-1 blockchain. Per latest technical analysis, the $0.64 is the current potential rebound zone for ADA’s price. However, market analyst Ali Martinez notes that $0.55 is the most important demand territory. https://twitter.com/ali_charts/status/1983625132523581639 Given that this level is sustained, Mr. Ali forecasts a hike towards $0.75 once the market conditions stabilize. That’s still a distance away, as the broader crypto markets soaked up massive liquidations this Thursday along with Bitcoin’s (BTC) dip to $109K & Ether’s (ETH) pullback

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