Cardano Technical Analysis: Crypto Chart Insights
Published At: May 05, 2024 by
Gareth Soloway
Cardano has struggled of late, dropping 43% off its March 2024 highs. Altcoins overall have seen steep declines as the risk-off trade in all assets has popped up.
Based on technical analysis, Cardano continues to look weak. While it is holding its recent lows at $0.425, any sort of break sends it to $0.35.
At $0.35, Cardano hits multiple trend lines of support. This would be a high probability level for a significant bounce and potential change in trend.
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