CARDANO PRICE ANALYSIS & PREDICTION (April 6) – ADA Stalls Above $0.6 Ahead of Major Crash, Gathers Momentum
It has been a calm week for ADA despite the ups and downs across the crypto space. However, the asset is still under the bears' watch from a mid-term perspective as they gather momentum for bigger drops. ADA's bearish structure remains on the daily chart, but it appears to have subjected the trend to a sideway move as the bears take a break. This sideways movement indicates an extreme drop in volatility, but things are likely to get uglier soon than later as it appears to be gathering momentum for the next major move. While the recent drops have put few altcoins back on a sell mode, it is most likely to follow suit soon. However, it is important to note that the $0.6 level may pose a threat. This level has been serving as a key support since February. […]
