How long may correction of ADA last? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
On the hourly chart, the rate of Cardano is neither bullish nor bearish as the price is far from key levels. In addition, most of the daily ATR has been passed. In this case, sideways trading in the area around $0.
3040 is the more likely scenario until tomorrow.On the daily chart, the price of Cardano has made a false breakout of the $0.2950 zone. Currently, traders should focus on the bar closure. If the bears' pressure continues and the candle closes below the $0.30 area, the correction may continue to $0.29.
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