Cardano staying above 0.3 level

2023年7月31日

Hi guys, let's look at the current situaition on Cardano.

There is nothing much changed on Cardano since my last idea. ADA price is still fighting to stay above 0.3 support level and it's good sign for the bulls. But the only problem here is that Cardano's price is falling faster than growing. The ADA price is showing that it's unable to rise to 0.35 level and it's keep trading just above 0.3 support level. In case if Bitcoin price drops under 29k level then we surely will see ADA price dropping under 0.3 level.
Overall I'm still bearish on Cardano as its price unable to show any signs of life.

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2023年8月2日

註釋

Yesterday Cardano price broke 0.3 but then bounced back thanks to Bitcoin recovery. Overall idea remains the same. Most likely soon we'll see ADA under 0.3 level.