ADA Technical Analysis: When Will The Growth Finally Begin?

Three weeks of rest. That’s how long it took ADA investors to recover from the steady downward trend of September 2021. However, the rebound of the ADA price in March did not inspire investors to buy cryptocurrency. Yes, there is a rebound in March… The total fall of the ADA price by more than 70% did not affect investor interest. Trading volumes have remained unchanged since October 2021, whether in the simple range or the global liquidity range. Therefore, special signs for the beginning of the growth trend on the weekly timeframe of the ADA cryptocurrency are still imperceptible. The only clue for buyers is the $0.71 range. Approximately from this range, the price rebound began in March and now the price is slowing down near this range in the weekly timeframe. Source: https://www.tradingview.com/x/AHwKyHe4/ Thus, if sellers fail to break and fix below the range of $0.71, we will expect the beginning of consolidation in the range of $0.71-$1.24. It is this consolidation that can lay the foundation for a new growth wave with the first global target of $1.65. This is the beginning of the formation of a broad global consolidation and is a positive scenario for the ADA market. Otherwise, breaking the $0.71 mark will bring the Cardano market to $0.4. Technical Analysis Of ADA On The Daily Timeframe Source: https://www.tradingview.com/x/ugWf6Hdr/ Everyone who now admires the daily ADA price chart has witnessed a real fierce battle...