Can ADA get back to the $0.40 mark soon? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
On the hourly chart, Cardano has formed the local support level at $0.3915 after its false breakout. If buyers can keep the rise, there are chances to see a return to the vital zone atOn the bigger time frame, the price of Cardano has broken the support level at $0.4019. Until the rate is below it, bears remain more powerful than bulls. At the moment, one should pay close attention to $0.40 as it is the tipping point.
A similar situation can be seen on the weekly chart as the current breakout of the $0.4019 level may be a prerequisite for a further decline. However, it is too early to think about that as one needs to wait until the candle closes.
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