CARDANO price has retraced importantly from the 0.39 it touches right before the recent crypto fall.
Recent technical indicators were calling at least for caution.
Now the strong bullish moment seem to confirm it is coming back both against USD & BTC. So it is a great moment to return to a LONG position on CARDANO before it shoots up.
We have recently touched bottom Bollinger bands indicating a potential oversold state.
The next resistance should be around 0.39-0.40 if we go above that, ADA could be getting close to a doubling in value in the next 30 days.
From a fundamental perspective, CARDANO/ADA is also clearly one of the best ( if not the best ) projects in the crypto sphere ( amazing tech, highly skilled team, proven track record, years of advance compare to competition, better security, ... ) all this makes it an amazing long term project.
Recent technical indicators were calling at least for caution.
Now the strong bullish moment seem to confirm it is coming back both against USD & BTC. So it is a great moment to return to a LONG position on CARDANO before it shoots up.
We have recently touched bottom Bollinger bands indicating a potential oversold state.
The next resistance should be around 0.39-0.40 if we go above that, ADA could be getting close to a doubling in value in the next 30 days.
From a fundamental perspective, CARDANO/ADA is also clearly one of the best ( if not the best ) projects in the crypto sphere ( amazing tech, highly skilled team, proven track record, years of advance compare to competition, better security, ... ) all this makes it an amazing long term project.