Cardano fell below the 20-day moving average ($ 1.18) on April 7, but buyers did not allow the price to fall below the 50-day moving average ($ 1.16).
Buyers are advocating for moving average.
Buyers are now trying to push the price above $ 1.33.
If they succeed, Cardano could raise up to $ 1.48.
This is an important level to look out for because the price has returned in the previous two cases.
If the price falls below the $ 1.48 level again, it indicates that the limited performance of the price will continue in the next few days.
On the other hand, if buyers can push the price above the $ 1.48 level, Cardano can resume the uptrend towards the $ 2 target.
Personally, I consider Cardano one of the best places to invest.
Buyers are advocating for moving average.
Buyers are now trying to push the price above $ 1.33.
If they succeed, Cardano could raise up to $ 1.48.
This is an important level to look out for because the price has returned in the previous two cases.
If the price falls below the $ 1.48 level again, it indicates that the limited performance of the price will continue in the next few days.
On the other hand, if buyers can push the price above the $ 1.48 level, Cardano can resume the uptrend towards the $ 2 target.
Personally, I consider Cardano one of the best places to invest.