Thoughts on Cardano

20 lug 2023

Hi guys, let's look at the current situaition on Cardano.

After recent price spike on Cardano its price went for correction phase testing 0.3 support.
It seems like 0.35 level will be unbreakable for Cardano price in the near future. I expect that ADA will try to break it several times, sometimes even make fake breakouts but overall I don't think that Cardano price will manage to stay above this level.
Anyway I'm pretty much sure that ADA will stay above 0.3 mid-term and will be trading within 0.3-0.35 price range.

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23 lug 2023

Nota

There is nothing much changed on Cardano. It still consolidating around 0.3 level and hopefully there will be attemt to break 0.35 resistance. But so far ADA price is showing weakness and it's hard to believe that it will manage to rise somewhat significantly.

26 lug 2023

Nota

Cardano price still fighting to stay above 0.3 support level. I think if Bitcoin price continue to fall then Cardano doesn't have any chances to hold 0.3. Most likey we'll see price dropping under 0.3 level and heading to 0.25 support.

28 lug 2023

Nota

Cardano price is closer and closer to breaking 0.3 level. It's almost not reacting when Bitcoin is going up but dropping fasr when Bitcoin is going down. So far I don't see buyers on Cardano and it's more likely that it will break 0.3 level.