Cardano’s price failed to maintain its upward momentum after being unable to break through the key $1.2 resistance level. Additionally, ADA fell below the $1 mark during today’s market crash.
### The USDT Paired Chart
On the ADA/USDT pair, the price has been declining after another unsuccessful attempt to reach the $1.2 resistance zone. It is currently consolidating within a large falling wedge pattern, and a retest of its lower boundary seems likely in the coming days. However, as long as the price stays above the 200-day moving average, located around the $0.6 level, the overall market trend can still be considered bullish.
### The BTC Paired Chart
Looking at the BTC paired chart, the price action mirrors that of the USDT pair. ADA is currently testing the 900 SAT support level and is on the verge of breaking it downward. This breakdown could lead to a decline toward the 200-day moving average, around the 750 SAT mark. With the RSI showing values below 50%, the momentum supports this bearish scenario.
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