Unexpected exodus from Cardano (ADA): Heading to a critical level!

After a long time, the countdown has started in Cardano**, which attracts attention with its volume increase ADA.

Bitcoin (BTC) Altcoins, which started to gain their former strength with the push of $ 43,500, delighted their investors. In particular, Cardano (ADA), which has been in the background compared to other major coins, has managed to show itself with its latest price move. At the same time, looking at the weekly chart, the popular coin, which is heading towards an important level, may start volatile movements in a short time.

Can it go back to its old days?

Cardano, one of the most popular projects of a period, could not catch the expected interest due to the inclusion of new cryptocurrencies in the sector and the change in trends. However, on the technical side, the ADA, which is progressing well, has reached the $0.5447 resistance.

$0.6799 – $0.8091 – $0.9171 – $0.9862 and $1.0266 can be targeted for ADA in case of persistence above $0.5447, good moves from Cardano or a decline in BTC' dominance, respectively. With the volume breakout of the red box, a new bull run may begin in ADA.

Factors such as BTC's inability to make a daily close above $43,500 or ADA's difficulty surpassing $0.5447 will start to create selling pressure on the pair. In such a scenario, pullbacks towards $0.4050 – $0.2368 and $0.1535, respectively, could occur.