Cardano (ADA) is trading near $0.39 after slipping by just over 3% in the last 24 hours. The price has moved within a narrow range this week, gaining less than 1%.
Meanwhile, the token remains the 12th largest cryptocurrency, with a market cap of over $14.4 billion and a circulating supply of 37 billion ADA. While sentiment remains mixed, recent chart patterns are drawing attention.
Analyst Sees Possible Correction Ahead
Chart analysis from Man of Bitcoin suggests ADA may still be in a corrective phase. According to the wave count shared, the first one has completed, and the current move could be part of a larger wave (2) correction. The asset is hovering below the $0.438 level, which the analyst marks as key.
“As long as the price stays below $0.438, my preference is a larger ABC correction in wave-(2),” the analyst wrote.
If that view holds, the next leg could send the price lower, possibly into the $0.379 to $0.345 zone. These areas may offer support, but any drop below them w
We współpracy z: https://cryptopotato.com/cardano-ada-in-danger-analyst-predicts-possible-correction-soon/
