Is Cardano finally waking up or is this just another trap for the retail crowd?
$ADA has been bleeding out for months but it looks like we finally found some solid footing around that 0.22 zone. Right now we are sitting at 0.2778 and trying to string together some green days to change the trend. The price action is getting interesting because we are bumping our heads against a local resistance level that has rejected us a few times lately. If we can flip 0.29 into support then we might actually have a shot at testing 0.33 again. Volume is okay but nothing crazy yet so I'm not getting overly excited just yet. It feels like it's waiting for a bigger market move to decide which way it wants to break out of this consolidation. I’m watching the daily close to see if we can hold these gains or if the sellers are going to step back in and push us back toward 0.25.
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Is Cardano finally waking up or is this just another trap for the retail crowd?
$ADA has been bleeding out for months but it looks like we finally found some solid footing around that 0.22 zone. Right now we are sitting at 0.2778 and trying to string together some green days to change the trend.
The price action is getting interesting because we are bumping our heads against a local resistance level that has rejected us a few times lately. If we can flip 0.29 into support then we might actually have a shot at testing 0.33 again.
Volume is okay but nothing crazy yet so I'm not getting overly excited just yet. It feels like it's waiting for a bigger market move to decide which way it wants to break out of this consolidation.
I’m watching the daily close to see if we can hold these gains or if the sellers are going to step back in and push us back toward 0.25.
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