The Cardano (ADA) Price Will Continue Increasing – Unless It Closes Below This Level
The ADA price has broken out from long- and short-term resistance levels. It seemingly began a bounce on July 18 which could cause another increase.
The price action from the daily time frame supports the continuing of the increase but the one from the weekly timeframe is inconclusive.
Despite this bullish outlook, a drop below the $0.30 horizontal area will invalidate the positive outlook and likely send the price to new lows.
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