Testing the support level at the bottom of the triangle
Cardano is testing the support level at the bottom of a triangle pattern. This key level will be crucial in determining the future price direction. A hold could lead to a rebound, while a break may signal further decline.
6/2/20241 min read
![These descriptions clearly convey the critical nature of the current support level for Cardano and t](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=586,fit=crop/mP4DRvxXEycnaE1Q/2-AE0pjv5gpXsEg84z.png)
![These descriptions clearly convey the critical nature of the current support level for Cardano and t](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=189,fit=crop/mP4DRvxXEycnaE1Q/2-AE0pjv5gpXsEg84z.png)
Cardano is currently testing the support level at the bottom of the triangle. This key point can play a crucial role in determining the future price direction. If this support level holds, there is a possibility of an upward movement and a price rebound to higher levels. However, if this support is broken, a continuation of the downward trend and further price decline can be expected.