Cardano finding support at $0.13

10 בדצמ׳ 2020

After a recent power move up, Cardano has been consolidating with a possible formation of an ascending triangle. Yesterday support was found around the $0.13 mark with some confluence on a trendline draw from the start of the upward move and previous swing low as well as the 50 EMA. A possible target of the $0.17 region could be taken, a break of this level with sustained momentum will see the price gain substantially.