Cardano (ADA) has shown signs of recovery in recent trading sessions, although its price continues to linger near a significant resistance level. In the past 24 hours, ADA witnessed a modest 2% increase, but weekly gains have been erased, resulting in a 7% depreciation on the weekly chart.
The technical outlook has yet to present bullish signals, with both demand and accumulation remaining relatively low. Bitcoin dominance increased while trading within the $30,000 price range. Major altcoins also experienced minor gains in the past few days. Although Bitcoin displayed a bullish trend, its price fluctuated, and other altcoins followed similar patterns.
For the Cardano price to experience upward movement, Bitcoin must exhibit another surge from its current price level. If ADA manages to sustain above the current support line with the support of BTC, the altcoin may soon attempt to break through immediate price resistance. The decrease in ADA’s market capitalization indicates the conti
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