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Cardano price forecast - can the price reach $ 2 again?



In our last Cardano price forecast , we wrote that the price received support on the GoldenPocket and now has the last chance to initiate a trend reversal. The price then broke through the support, or the GoldenPocket, bearishly. A few days ago the course achieved the goal we mentioned. This was around $ 1,485. But how could the Cardano course continue? Could the price hit the $ 2 mark again?

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Cardano price hit support around $ 1.485 and saw a bullish reaction today. Next, imagine that Cardano price could test the former support area between $ 1,829 and $ 2,002. So the question of whether the price could reach $ 2 again is also answered. We expect a retest of the $ 2 mark. After the price has tested the $ 2 level, however, it could turn south again and thus continue the downtrend.

Fundamentally, Cardano is not doing well. The project has no product on the market yet, but it has a comparatively high market capitalization. We are not surprised that the course is currently sinking.

After the price has tested the former support area and confirmed it as a resistance area, the price could continue the downtrend. There we expect a decline to $ 1.25. There could then be a small correction to $ 1,485 and then see a final sell-off to the $ 1 level.

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