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Cardano [ADA] cools off into key range – Where can traders look for gains

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Cardano [ADA] rebounded strongly after hitting its recent low of $0.3020 on 12 March.

It saw aggressive buying at the above lows pushing its price break key resistances as Bitcoin [BTC] surged to the $26k area.

Read Cardano’s [ADA] Price Prediction 2023-24 However, BTC saw a sharp rejection at $26k and was operating below $25k at press time.

Similarly, ADA hit the price ceiling at $0.368 and entered a retracement, pushing it into a key price range. As such, BTC’s price action will determine ADA’s price direction in the next few days/weeks.

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