Price of Cardano has moved by more than 50% since Jan 2023.
$0.4234 is currently acting as resistance. If price rejects this level we might see it moving down to its support level of $0.3293.
On a daily timeframe, we see price is above 21 & 50 EMA and RSI > 50 which shows bullish momentum in the price. If the bullish momentum continues and price breaks above $0.4234 level, we might see price moving to its next resistance level of $0.5237.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.
$0.4234 is currently acting as resistance. If price rejects this level we might see it moving down to its support level of $0.3293.
On a daily timeframe, we see price is above 21 & 50 EMA and RSI > 50 which shows bullish momentum in the price. If the bullish momentum continues and price breaks above $0.4234 level, we might see price moving to its next resistance level of $0.5237.
Note:
Studies are for educational purposes only.
We will not be responsible for any of your Profits & Losses.
Please trade with a proper risk management strategy to avoid huge capital loss.