@BOMBERuss 11 June 2022 more from that month

#Cardano (ADA) has shown good results over the past seven days, recording an increase of 4% at the time of writing this publication. But after a significant rally, the price gives signs that a correction is ahead. Since the #cryptocurrency was rejected for the second time at the key resistance of $0.65, a pullback seems to be a more likely scenario. The key support levels are at $0.55 and $0.50. The last time #ADA tested $0.55, it used this level as a pivot point for another upward push. It is important for cryptocurrency not to lose this level if we want to maintain bullish momentum on large timeframes. Looking ahead, it seems likely that we will see a short ADA correction. Once there, bulls can start building momentum so that the next time they test a key resistance, they can break away and turn it into support.