Altsignals

CARDANO - Approaching Key Area

BINANCE:ADAUSDT   Cardano / TetherUS
Cardano has had a few attempts to break out this year but somehow manages to lose steam on its way up. We are now approaching a pivotal price 1.15 where we have multiple confluences for the upside. However if we break that level, we could see Cardano tumble much lower than the major bull run this year.

Again we have a descending trendline which we will be monitoring for a breakout to indicate buying pressure.

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