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Cardano ( $ADA ) Price Prediction 2023-24: Bearish Momentum Continues with Resistance at $0.3035

The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. A resistance level of $0.3035 may offer significant resistance upon a retest. Bearish sentiment is revealed through declining OI and a negative funding rate. Cardano [ADA] has suffered a 38% price drop between June 5th and June 10th due to regulatory issues surrounding major crypto tokens. While Bitcoin [BTC] has climbed to $26k, ADA's long-term price movement suggests more bearish activity. The bearish sentiment may drag ADA down to $0.2000 or $0.1750, but a bullish BTC could rally buyers.

Bitcoin Bitcoin $98,431.42
+0.76%
Cardano ADA Bitcoin
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