Is Cardano’s 25% Drop to $0.60 Imminent? Let’s Analyze

21 Feb

Hello and greetings to all the crypto enthusiasts, ✌

I aim to provide you with a comprehensive overview of the future price potential for Cardano💡

Cardano is approaching the upper resistance of a descending channel, alongside a strong monthly resistance level, while losing key support levels at higher price points. I’ve identified two solid daily support zones from previous months, and anticipate a price pullback toward these levels. My primary target is set at 0.60, indicating a potential 25% decline. Additionally, the bearish volume in recent candles suggests that further downside could be likely, adding weight to this bearish outlook.📚🎇

🧨 Our team's main opinion is: 🧨
Cardano is near key resistance, with a 25% drop likely to 0.60, as support levels weaken and bearish volume suggests further decline. 📚🙌

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Cheers, Mad Whale. 🐋

22 Feb

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