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
Cardano price chart showing a drop to the $0.42 - $0.43 support area with potential for accumulation

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.