roughly $26,000 with a push through bringing $28,000 to light.Cardano Technical Analysis
Following the announcement surrounding a potential partnership between Coinbase and Blackrock, altcoins remain under pressure with Cardano finding support at 0.50.For the downside move, a drop below 0.47 could see a retest of the May low at 0.39 opening the door for additional losses which may persist for the remainder of the year.
If prices do manage to rebound, a hold above 0.50 and 0.55 brings the next level of resistance to 0.60 with the next zone at the June high . If prices continue to rise from there, ADA may have the opportunity to resume the upward move.
Source: Digital Coin News (digitalcoinnews.net)
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