Relevance up to 15:00 2022-06-28 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.
Black lines- bearish channel Cardano price is around $0.48 almost where it was back in the beginning of May. Price remains trapped inside a downward sloping bearish channel. For the last two months price is mostly moving sideways. Resistance by the bearish channel is found at $0.535. The RSI has moved above oversold levels into neutral territory. A rejection at current levels could lead to new lows in Cardano towards $0.30. Traders need to be cautious. There is no sign of a reversal in trend.
