Looking at the daily chart on Cardano it is easy to see the tight range between the support at .40 and the resistance at .50.
In the pic I show ADAUSD how recently on July 13th the .40 support was hit followed by a rally through .45 where it is at now. Until price get's back above that .50 resistance price there is not too much to be excited about with this crypto as its been almost 30 days in this tiny range.
.55 will be the next target as that was the most recent highs made on June 16th.
.65 .70 are the last important areas to bust as those were the highs on May 31st and June 8th.
I am leaning more bullish as some major cryptos seem to be looking a bit better the last few days but I will wait for .50 to get taken out first to be safe.
In the pic I show ADAUSD how recently on July 13th the .40 support was hit followed by a rally through .45 where it is at now. Until price get's back above that .50 resistance price there is not too much to be excited about with this crypto as its been almost 30 days in this tiny range.
.55 will be the next target as that was the most recent highs made on June 16th.
.65 .70 are the last important areas to bust as those were the highs on May 31st and June 8th.
I am leaning more bullish as some major cryptos seem to be looking a bit better the last few days but I will wait for .50 to get taken out first to be safe.
Comment:
We can see the resistance at .50 today