Determine the next goal in the short term of Sillano, where the bulls seek to reflect star-news.press/wp

• Kardano and the rest of Altcoin market faced great losses earlier in June
• Traders can search for long -term settings on Ada if it can exceed $ 0.594

Cardano (ADA) is trying to create a bullish trend on the price scheme, but the market morale is not optimistic enough yet. Bitcoin (BTC) fluctuations helped a little weekend, but Altcoin did not witness the ongoing demand in June. Quite the opposite.

In fact, sellers had the upper hand throughout the month.

Source: total2 on Tradingview

This is not only a problem that Cardano faces. Total2 captured the cover of the joint encryption market, with the exception of bitcoin. Since February, Altcoin MCAP has not been able to climb over the 1.25 trillion dollar sign.

The last attempt was followed on June 11, as Altcoin holders were panic due to high tensions in the Middle East. This decline has also seen Bitcoin on the sign of $ 100,000, which helps to explain the expectations of the Haboodi market.

The lack of continuous demand for Altcoins and Ada is a concern for bulls and long -term investors. Can this change any time soon?

Cardano began to turn up in the short term

Source: There/USDT on TradingView

Last week, ADA wore $ 0.51 support, with a higher decrease at $ 0.545. If he can break the highest local level of $ 0.594 from last Tuesday, it will turn the market structure.

The relative strength index, such as the price, has made its lowest level over the past few days, indicating that the declining momentum has begun to weaken. I also witnessed a small bounce, and its ongoing upscale movement will be a positive sign in the short term. It will offer more demand, which may see ADA back to $ 0.62 or $ 0.65.

Traders looking forward to moving forward should remember that the main structure has remained landing, after a deep decrease from $ 0.73 seen earlier in June. Thus, any long deals should be rapid in obtaining profits and lowering losses. Especially since the trade will be against the prevailing trend.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer