- As seen from the illustrated chart, we broke down from the 3.10 level and met our shorted target (vertical green arrow.)
- While we continue to build up momentum heading sideways in the descending triangle our next key target of resistance is the 0.786 Fib @ 2.92.
- After breaking this level with continuation to the upside, the Mid term target stands at the...
After it's last failed attempt of crossing the 20 days Moving Average on the 20th of January, the price of Cardano seems to be set to continue it's bearish trend, influenced by the low demand for the coin despite it's very well looking project.
Since the 1st of January, the coin has registered a loss of 0.0029$ (representing only 6.90% from it's initial value)...
On Sunday Cardano did not bring us any good news. It fell bellow the $0.029270. It was trading at 0.029270 by 06:31 (11:31 GMT) on the Investing.com Index, down 4.28% on the day. Unfortunately, it was the largest one-day percentage loss since December 1.
Therefore, this move downwards pushed Cardano's market cap down to $758.94302M, or 0.73% of the total...
