Cardano target 0.456
Hey trader!
In this analysis I will show that Cardano is in the process of breaking strong support at 0.899. Since the all time high level at 3.101 we have seen a bearish trend. Cardano has reached its next relevant support level: strong support. Now that Cardano does not have much support to rely on and has been exposed to a bearish trend, it will fall remarkably much. The next support level it is possible for Cardano to retrieve some useful support is at support level 0.456. This means that Cardano will continue its bearish trend and that things could run completely off.
I hope this analysis inspired you!
In this analysis I will show that Cardano is in the process of breaking strong support at 0.899. Since the all time high level at 3.101 we have seen a bearish trend. Cardano has reached its next relevant support level: strong support. Now that Cardano does not have much support to rely on and has been exposed to a bearish trend, it will fall remarkably much. The next support level it is possible for Cardano to retrieve some useful support is at support level 0.456. This means that Cardano will continue its bearish trend and that things could run completely off.
I hope this analysis inspired you!
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