Cardano(ADA): Possible Further Move To Lower Zones

Cardano is looking sweet after a recent re-test (failed) of EMAs.

We are now keeping an eye on a potential further movement to the lower zones here (orange lines) that act as supportive zones.

Although we see that the first line has been checked and the price bounced nicely from there, we still seek further moves to lower zones here!

Swallow Team

Comment:

Cardano has made a nice movement, pressuring both lower zones and resulting in 8% of market price movement.

We are now seeing that the price is securing this zone, which could result in further downward movement from the current zone!