Relevance up to 22:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Red lines- trading range Cardano price continues to move sideways since May. Price has made several attempts to break below $0.39 but it has now formed a lower trading range boundary there as support. On the other hand attempts to push price above $065 have also failed. When price is trading close to the lower trading range boundary, we prefer short-term bullish positions targeting at least the upper range boundary close to $0.65. A break below $0.39 will be a bearish sign and will imply more selling pressures to come.
