As requested, here is our Cardano analysis!
We have seen Cardano bouncing from the same support level since the start of the current bull-run. The $1 psychological level is considered as a great entry point for retail buyers. Also, spikes below this level are usually reversed by low frequency buyers. At the moment, we have seen a massive bullish candle that could be the start of a new rally from this well-known support.
The developers have been planning the smart contracts implementation and scalability. So we may see a notable development after Ethereum EIP1559 launch.
We have seen Cardano bouncing from the same support level since the start of the current bull-run. The $1 psychological level is considered as a great entry point for retail buyers. Also, spikes below this level are usually reversed by low frequency buyers. At the moment, we have seen a massive bullish candle that could be the start of a new rally from this well-known support.
The developers have been planning the smart contracts implementation and scalability. So we may see a notable development after Ethereum EIP1559 launch.
