Cardano traders can expect a bullish week

26 בפבר׳ 2023

The price of Cardano has fallen by 12.2% over the past week, trading at $0.361 at the time of writing. Although the 4-hour and 1-hour market structures were bearish, Cardano buyers have been presented with a buying opportunity, as a bullish reversal could occur after the cryptocurrency retraces into a zone of demand. The $0.345-$0.36 is a region where bulls can begin to reverse the prices, and the evidence from the indicators suggest that Cardano could recover and push toward $0.41 over the next week, with a drop below $0.345 invalidating this idea.