Cardano is trying to hold it's support

Cardano is at a critical juncture, attempting to break the $0.3966 resistance level. Success could trigger an upward move, while failure might lead to declines towards $0.3652 and $0.3611.

6/27/20241 min read

Chart of Cardano showing the price attempting to break the $0.3966 resistance level, with potential
Chart of Cardano showing the price attempting to break the $0.3966 resistance level, with potential

Cardano's price is at a critical juncture, attempting to break the $0.3966 resistance level. Success could trigger a strong upward move, while failure might lead to a decline towards key support levels at $0.3652 and $0.3611. Currently trading around $0.3890, Cardano is trying to hold support after rebounding from the $0.3611 discount area, indicating a short-term upward trend.