CardanoLong
Cardano Price Analysis — June 8
Cardano is on a charge towards $0.700 on Wednesday as bullish sentiments ripple through the market ahead of the Vasil hard fork and recent IOHK announcement. Interestingly, the $0.700 barrier is where my long-lasting channel top resides, making this level a critical near-term barrier for ADA.
However, a sustained push beyond that resistance zone appears unlikely, given the overall bias in the broader market. I expect a rejection from the $0.700 axis in the coming days. After this proposed rejection, we should see a resumption in sideways momentum around the $0.600 line.
Meanwhile, our resistance levels are $0.700, $0.800, and $0.900, and our support levels are $0.600, $0.500, and $0.400.
Total Market Capitalization: $1.25 trillion
Cardano Market Capitalization: $22.1 billion
Cardano Dominance: 1.77%
Market Rank: #6
However, a sustained push beyond that resistance zone appears unlikely, given the overall bias in the broader market. I expect a rejection from the $0.700 axis in the coming days. After this proposed rejection, we should see a resumption in sideways momentum around the $0.600 line.
Meanwhile, our resistance levels are $0.700, $0.800, and $0.900, and our support levels are $0.600, $0.500, and $0.400.
Total Market Capitalization: $1.25 trillion
Cardano Market Capitalization: $22.1 billion
Cardano Dominance: 1.77%
Market Rank: #6
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