Cardano ($ADA $) 💰 1W Time Frame
📆 On the weekly chart, the instrument looks weak; this is clearly evident from the candlesticks – all attempts at an uptrend are being quashed ❌, which suggests that large capital is driving the price down.
Over the coming months (summer–autumn), I expect a new support level to form in the $0.15–$0.24 range 🔎, with possible fluctuations on either side of the range.
Medium-term targets (for the new cycle) at resistance levels of $0.40, $0.68, $0.96 and $1.60 👍
ADA
0.2577
+6.31%