Cardano touched 0.25 level
Updated
Hi guys, let's look at the current situaition on Cardano.
My previous idea on Cardano realized for 100% and reached its target at 0.25 level. This downfall was expected as ADA didn't show any willingness to rise somehow and it was just matter of time when it drops. Now some correction is expected, probably even up to 0.3 level but at the moment it sems unlikely.
It all depends on Bitcoin right now and if it continues its fall then Cardano also will drop under 0.25 at least up to 0.2 level.
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My previous idea on Cardano realized for 100% and reached its target at 0.25 level. This downfall was expected as ADA didn't show any willingness to rise somehow and it was just matter of time when it drops. Now some correction is expected, probably even up to 0.3 level but at the moment it sems unlikely.
It all depends on Bitcoin right now and if it continues its fall then Cardano also will drop under 0.25 at least up to 0.2 level.
If this post is useful to you, you can support me with like/boost and leave comments below.
Many thanks.
Note
So far everything goes as expected. Cardano in a correction phase reaching 0.27 price level. Now it seems that this level became local resistance and in order to go higher ADA should break it.Note
Cardano continue to trade within narrow price range 0.27-0.26 and it looks like aiming to 0.25. Lets see how far it will go.Note
Cardano continue to trade in a narrow price range 0.27-0.25 and not even recent price spike on Bitcoin changed this. In my opinion this is very bearish sign for Cardano since if Bitcoin continue to plunge then we'll see ADA under 0.2 and maybe even lower. Overall I think that Cardano will continue to plunge towards 0.2 price level.
Note
Cardano broke 0.25 level and in case if it manages to close weekly candle under that level then we can expect that price will continue its fall to 0.2 level.Lets see how far Cardano will drop but so far 0.2 is the main target.
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