Cardano recovered from its drop to $0.285 and entered a phase of consolidation over the past few days. Cosmos formed a bullish triangle pattern but in the coming days was likely to see a drop to $7.15, should the $8 support not hold and SushiSwap had strong bullish momentum behind it as it targeted the $8.9 level of resistance.
Source: ADA/USDT on TradingView
Using the dip to $0.232 and the subsequent surge to $0.397 in mid-January, some Fibonacci retracement levels were plotted to highlight areas of support and resistance. ADA had appeared to form a range between $0.32 and $0.