Cardano technical analysis

As you can see in the one-month chart of Cardano, Cardano then went through a very strong downtrend from $3 to $0.20, due to the deep corrections and the low strength of bearish candles and the strength of bullish candles in A very, very important support area for Cardano.

It seems that this currency is building its floor at the end of the downtrend on an important support level.

But for now, Cardano has not started any upward trend, and it can start an upward trend when it breaks its dynamic and static resistance range, which you can see in the chart, and stabilizes this failure by closing the candle above this range.

Cardano is completely suitable for buying in this range from both technical and fundamental and sentimental points of view, of course, by observing the trading principles, including the loss limit.

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