Cardano tests the longterm purple support line which currently sits around 1.3$. The support line around 1$ could be tested before we get a trend reversal back to higher prices. Sundaeswap released its beta and did show that swaps are working on the cardano blockchain. Once the bugs are fixed we expect the ecosystem to grow at a rapid pace. The RSI is barely above 30 and therefore very low --> Good entry point.
We expect Cardano to hold the 1.3$ line (or at least the 1$ line) and begin a trend reversal back up.
Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.