Cardano Falls, Makes Lower Highs and Lower Lows, Targets $1.394

[Rockalo]

Cardano's (ADA) price slumped to a $1.402 low as the price immediately corrected upward. The ultimate price target of Cardano is to break the $1.80 overhead resistance level. Buyers are yet to break the overhead resistance since May 19.

In May, ADA/USD has been in a range-bound move below the overhead resistance. Presently, the upward correction is facing rejection at the $1.60 high. If the bulls fail to break into the previous highs, the downtrend will resume. ADA will fall to the previous low at $1.33. On the other hand, if the bulls succeed above the $1.60 resistance, a retest at $1.80 overhead resistance is likely. More information: please click here