Cardano (ADA) Update

The Cardan (ADA) came down with enough force for the bears. With this, I see two probable short-term market previews for Cardano in the coming days:

1 ° The first and quite probable, the prices continued to retract until reaching the zone of 2523 Satoshis, because it is an area that is considered as support and resistance we can consider a zone of strong support, that is, it is quite unlikely that the prices fall beyond this value. For further reduction to take place, a collapse in the digital currency market is necessary.

2 ° On the other hand, the bulls can gain strength causing Cardano to look for values ​​in the area of ​​3473 Satohis. Despite being the least likely, such an occurrence may have occurred with the Bitcoin recovery.

Note: Although it is quite likely that the price of Cardano will continue to fall in the short term, we must be aware that such a currency is one of the most promising. As a result, its long-term price (still this year) was projected to be around $ 1.60.