Can the rate of ADA remain above the $0.30 zone for long? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
Despite the rise, the price of Cardano is coming back to the local support level at $0.3069. If the decline continues until the end of the day, bears might again seize the initiative, which can lead to the test of the $0.30 zone shortly.
On the daily time frame, the rate of Cardano is in the middle of a wide channel, accumulating energy for a further move. As none of the sides has seized the initiative yet, ongoing sideways trading in the area of $0.30-$0.32 is the more likely scenario.
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