Short History, But Long Payout? PT: $0.40 (EOY)
Brand new and caught in the wind of the crypto craze, Cardano set some resistance points and has been moving sideways this year for the most part. It hasn't crashed quite yet if we set a floor, but it's been close because of other coins bringing the market down with them.
We seem to have hit a double bottom of sorts with price if you want to look at it through this specific analysis. Could it rally? I couldn't say, but a consistent and realistic path can be set towards $0.40 this year that doesn't seem that outrageous, especially if Coinbase brings Cardano onto its platform as 1/5 coins its considering.
Volume is down and price action with it. This may be one to watch for the time being until some real momentum kicks in. If you love the coin and what it stands for, then this is by all means a good time to get in. Cardano crashing isn't that far off from the Long Term Mean line, but given the scope, volume and history, it wouldn't be anything catastrophic by any means.
We seem to have hit a double bottom of sorts with price if you want to look at it through this specific analysis. Could it rally? I couldn't say, but a consistent and realistic path can be set towards $0.40 this year that doesn't seem that outrageous, especially if Coinbase brings Cardano onto its platform as 1/5 coins its considering.
Volume is down and price action with it. This may be one to watch for the time being until some real momentum kicks in. If you love the coin and what it stands for, then this is by all means a good time to get in. Cardano crashing isn't that far off from the Long Term Mean line, but given the scope, volume and history, it wouldn't be anything catastrophic by any means.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.