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Cardano Price Forecast: ADA recovers from key support amid uncertain market conditions
Cardano (ADA) recovers nearly 1% at press time on Monday following nearly 3% losses the previous day. Retail sentiment for Cardano remains mixed due to intense liquidations in ADA derivatives, while the positive funding rate skews the bias bullish. The technical outlook for ADA focuses on the crucial support level near $0.2593. The mixed sentiment surrounding Cardano is persistent, with the rising fear in the broader cryptocurrency market due to the US and Israel attack on Iran. The escalating tensions leading to the blockage of the Strait of Hormuz are affecting global oil supply and shifting macroeconomics ... (full story)
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