Cardano Price Analysis — June 15
Cardano tapped a five-week on Monday after dropping from the $0.650 axis towards the $0.400 support base. However, the cryptocurrency has regained a slight upward momentum as it moves to close its second bullish daily session for the first time since early June.
With the uncertainty of the US Fed interest rate decision out of the way, we could see some fiery bullish recovery in the coming days for ADA and the broader market. The stochastic indicator shows that the smart contract cryptocurrency is now in a slow retreat from oversold conditions, increasing the likelihood of a sharp rally towards the top of my descending channel.
Meanwhile, our resistance levels are $0.600, $0.700, and $0.800, and our support levels are $0.500, $0.400, and $0.300.
Market Capitalization: $936.6 billion
Cardano Market Capitalization: $17.2 billion
Cardano Dominance: 1.84%
Market Rank: #7
With the uncertainty of the US Fed interest rate decision out of the way, we could see some fiery bullish recovery in the coming days for ADA and the broader market. The stochastic indicator shows that the smart contract cryptocurrency is now in a slow retreat from oversold conditions, increasing the likelihood of a sharp rally towards the top of my descending channel.
Meanwhile, our resistance levels are $0.600, $0.700, and $0.800, and our support levels are $0.500, $0.400, and $0.300.
Market Capitalization: $936.6 billion
Cardano Market Capitalization: $17.2 billion
Cardano Dominance: 1.84%
Market Rank: #7
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