Possible test and accumulation at the support
Cardano has dropped to the $0.42 - $0.43 support area, collecting liquidity. Monitor ADA for potential accumulation and a test of this support. Resistance is at $0.49 - $0.50.
6/9/20241 min read
![Cardano price chart showing a drop to the $0.42 - $0.43 support area with potential for accumulation](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=586,fit=crop/mP4DRvxXEycnaE1Q/3-mnl3pE1EQoCb9EXO.png)
![Cardano price chart showing a drop to the $0.42 - $0.43 support area with potential for accumulation](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=189,fit=crop/mP4DRvxXEycnaE1Q/3-mnl3pE1EQoCb9EXO.png)
Cardano has dropped to the support area of $0.42 - $0.43 and collected liquidity. We might see a test of the support area and some accumulation. This is a good time to monitor ADA around this support area. The resistance zone is at $0.49 - $0.50.