Cardano has refreshed its monthly low on Monday after slipping below the $0.900 psychological support to touch the $0.875 low. While ADA has regained its place above the $0.900 line, the possibility of a bearish continuation over the coming hours and days remains potent.
However, the eighth-largest cryptocurrency has dragged along in oversold conditions for some days now, promoting the likelihood of a bullish correction soon. That said, a move and close above the critical $1 mark could dispel bears and help ADA push for the $1.100 level, where the top of my long-lasting descending channel rests.
Meanwhile, our resistance levels are $1.000, $1.050, and $1.100, and our support levels are $0.850, $0.800, and $0.700.
Total Market Capitalization: $1.82 trillion
Cardano Market Capitalization: $30.3 billion
Cardano Dominance: 1.66%
Market Rank: #8
However, the eighth-largest cryptocurrency has dragged along in oversold conditions for some days now, promoting the likelihood of a bullish correction soon. That said, a move and close above the critical $1 mark could dispel bears and help ADA push for the $1.100 level, where the top of my long-lasting descending channel rests.
Meanwhile, our resistance levels are $1.000, $1.050, and $1.100, and our support levels are $0.850, $0.800, and $0.700.
Total Market Capitalization: $1.82 trillion
Cardano Market Capitalization: $30.3 billion
Cardano Dominance: 1.66%
Market Rank: #8
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.