With a negative ROI of 22% over the last 30 days, Cardano has had a hard time coping with selling pressure scattered across the altcoin market.
If sell pressure fizzles out as ADA holds ground above $1.90, a breakout would be likely.
Traders can go long ADA at the 50% Fibonacci level and set a reasonable stop-loss at $ $1.98.
Those with lower risk appetites can wait for ADA to dip towards $1.90.
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