Cardano - long-term

If we take a look at a “macro chart”, the 50% drop is likely a wave A (or W) of a larger corrective structure, following a rally to ATH.

This is typical for the first corrective leg to retrace 38-50% against the impulse.

RSI is at 30 level, IMP this is the price level where it is reasonable to consider ADA for longer-term buy