Cardano can grow up to 0.28 price

Oct 7, 2023

Hi guys, let's look at the current situaition on Cardano.

After breaking 0.25 support level Cardano didn't drop as low as I expected. Basically ADA price didn't manage to hold below 0.25 level and has been fluctuating between 0.26-0.24 prices. At the moment Cardano price is trading above 0.26 level but I don't see any potential for growth. In case if Bitcoin continue to rise, ADA price potentially can grow up to 0.28 level but I don't think that it can rise higher than that.
Overall I remain bearish on Cardano and still think that it can drop up to 0.2 price.

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Oct 12, 2023

Note

Cardano returned under 0.25 level and I expect that it will continue to decline.