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26.04.202405:17 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday April 26 2024.

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On the 4 hour chart of Cardano cryptocurrency seems there is a price movement which moves inside the downward channel where it means the Seller is conquering the condition of this cryptocurrency. However, there is still a chance to corrected to its strength above up to the level of Bearish Fair Value Gap (Pink). But as long as the strengthening correction does not break above the level 0,49650, then Cardano still has the potential to continue its weakness until the level 0,46159 as the main target and level 0,43963 as the next target to be aimed.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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