CandleFocus Is Cardano Poised for a Double-Bottom Reversal to $0.41?
2024-11-05
Author: Content Editor
Cardano (ADA) is experiencing a potential double-bottom reversal after a brief bear run. The price has shown a modest intraday recovery and is testing the previously broken $0.331 support level. The MACD and RSI indicators are also suggesting increasing bullish momentum. If the price breaks above $0.332, it could trigger further gains, potentially reaching resistance levels at $0.39 and $0.41. On the other hand, if Cardano falls below the $0.324 support zone, it could retest previous lows or even the psychological level of $0.30.
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