ADA near key level as analyst says Cardano faces correction

cardano coin

Cardano (ADA) is currently trading near $0.60 with a potential sell signal flashing on the TD Sequential indicator. Analysts predict a correction in the price of ADA, with a possible drop to $0.50 if support at $0.57 is not maintained. However, if the sell signal is invalidated, ADA may see a run towards $1. Key resistance levels are at $0.66 and the psychological $1 mark. Previous instances of this indicator flashing bearish signals have resulted in price corrections for ADA. The next major support area could be around $0.45 if the downward trend continues. Overall, ADA investors should be cautious and monitor the market closely for potential price movements.
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