Cardano to Slow Bears – Cardano against US Dollar is up 7% in the last week and as bear momentum slow down, it could have open up above the 6 cents support level. This is because of this likelihood and rejections of lower lows after Nov 24 high volume bleed out that is expected to by the pair to gain throughout this week. Global X change.
Global exchange. From the above chart, losses below 3.3 cents could trigger sells, gains above 5 cents shall allow Cardano to retest 6 cents and even 9.5 cents in the course of the month. A bearish outlook is valid until the pair is trading below 5 cents. Globalxchange. Small buys are recommended once there are gains above 5 cents with first target at 6 cnets, 7 cents and later 9.5 cents based on the buyer’s strength.
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