Cardano Forecast – Why YOU should exit Cardano

With the $0.82 support now broken, we anticipate the price to target the next support. This is around $0.69. We therefore expect the price to drop another 13%. In the short term, however, we expect the Cardano price to rise. We expect the price to confirm the break of the former $0.82 support by rallying to $0.82 and being rejected to confirm the level as resistance. However, after that, we expect the price to decline to $0.69.

Cardano price seems to be looking to continue the downtrend steadily, which is why we expect it to break the $0.69 support as well. While we assume that the course will find support there in the short term, the long-term picture is different. We think Cardano price will fall to the $0.40 lower support. That's where the next bigger support is. Due to the extreme rise, the supports are widely spaced.

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