Cardano (ADA) Key Support Level Holds Firm Amid Market Volatility
Portfolio Pulse from
Cardano (ADA) is trading around a key support level near $0.69, experiencing a 2.63% 24-hour decline. The cryptocurrency market faces challenges due to weak economic data and a higher-than-expected February PCE inflation report. Crypto derivatives traders have suffered $308 million in liquidations, with $270 million from leveraged long positions.
March 29, 2025 | 11:45 am
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ADA is trading near $0.69 support level, with potential for rebound to $0.77 if level holds. Market volatility and economic data are influencing price action.
Cardano is at a critical price point with potential for either consolidation or slight recovery. Support level at $0.69 is key, with resistance at $0.77 and moving averages around $0.754 and $0.723.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100