Today we have a review of Cardano from the technical and fundamental side. Let's start with our profile part. As we can see, it looks weaker than Ethereum and Bitcoin, this indicates that support could be broken, bounces are weaker, plus we once again approached the support level and this time we approached on very aggressive candles and volumes, which is often not good, this indicates that support will be broken sooner or later. Therefore, my scenario will not be positive as long as we are trading below Resistance 1 ($0.48) and Resistance 2 ($0.5) and it would also be good to fix above the important movings that are now going together 50ma and 100ma. Roughly speaking, while Cardano is below the $0.50 level, these are only short scenarios with a low update at the level ($0.40), and after the low update, you need to look at the reaction of buyers and how aggressively purchases will be made. And strong buys are possible because the Vasil hardfork will be released from the Cardano network and the founder believes that there will be no problems with this. Among other things, Cardano is consistently in the top 5 crypto projects in terms of developer activity. Also Cardano was ranked 26th among 600 global brands and first in the crypto industry by brand relations agency MBLM among many popular brands, such as Disney, Tesla, etc
