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Forgotten Gem? Cardano (ADA) Price Bottom May Be Here
After a recent plunge, the price of Cardano (ADA) has been steadily rising, leaving many to wonder if the asset’s price bottom may have finally been found. While it’s impossible to predict with certainty, some key indicators suggest that ADA’s decline might be over.
When the ADA price found its bottom far from the light of the crypto market, buyers reacted at $0.762. The subsequent performance displayed a remarkable Fibonacci retracement, with this point being roughly the 0.618 level – considered a healthy retracement. Since then, ADA has added almost 25%, and in the last three days alone, it has surged by an impressive 7.2% against Bitcoin (BTC) and 4.2% versus Ethereum (ETH).
Source: u.today
