Cardano just broke 0.3 level

4 Agu 2023

Hi guys, let's look at the current situaition on Cardano.

So, Cardano finally broke 0.3 support level and this was expected. Now there is only one path to 0.25 support level. Probably, ADA price will stay around 0.3 level for a while and then will slowly drop to 0.25 level. One way or another 0.25 is the next big stop for Cardano.

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9 Agu 2023

Catatan

So far everything goes as expected. Even recent Bitcoin rise didn't help to break 0.3 level. This tells that there is no much bulls in Cardano and we can expect continuation of fall.

12 Agu 2023

Catatan

Cardano continue to trade under 0.3 level and most likely it will continue to fall. I don't see bulls here and doubt that price will manage to break 0.3 level. Still waiting Cardano at 0.25 price.

16 Agu 2023

Catatan

As was expected Cardano continue its fall to 0.25 support level. As I indicated before I don't see any bulls here at least up to 0.25 support level. I expect some reaction from bulls at that level but until that just slow drop of price.
Overall idea remains the same. Nothing changed so far.