Cardano: Dive in deeper! 🤿

Cardano fell back to our magenta Target Zone between $0.5510 and $0.4430 over the last seven days. However, it did not dip very profoundly and quickly moved back up. According to our primary assessment, the low of the magenta-colored wave (iv) has not yet been placed, but there should be another deeper dip. That being said, it should be noted that the minimum requirement for the low has been met and that we see the price in the final stage of the magenta-colored five-part wave as part of the 30% probable alternative. This option would come into effect on a break of resistance at $0.64.