The crypto asset Cardano (ADA) has been following a similar trend to Bitcoin in recent months and is currently consolidating around the $1 mark. However, if Bitcoin corrects in the coming weeks, ADA is expected to perform even worse. The price of ADA on the USDT paired chart has been consolidating around $1 after being rejected by the $1.3 resistance level. Currently, it is dropping towards the $0.75 support level and may break it to target the 200-day moving average at around $0.55. On the ADA/BTC chart, the price has also been consolidating, and if the 900 SAT level breaks down, further decline towards the 200-day moving average at around 700 SAT and potentially lower levels could be expected. Overall, if the crypto market and Bitcoin remain bearish in the short term, ADA is likely to experience a downward phase.



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