Cardano needs to bust through 1.20 wall
looking at the daily chart on Cardano price is hitting that wall at 1.20 which I pointed out was the next strong resistance from my last post and of course we can see it from Feb 7-10. With the cryptos looking so strong It is hard to imagine it not busting through it (1.20) and then the next key level will be 1.30.
The volume is dropping of late and we can see the lower highs from yesterday and today but as long as the support at 1.15 holds then I see this having a breakout. Next level of support will be 1.10. It is very normal to see a large breakout after seeing these very narrow ranges the last few days so look for that.
The cryptos are just looking so strong right now and Cardano to me looks like there is more upside here but watch those key support levels in case this pulls back due to lower volume and the 1.20 resistance.
The volume is dropping of late and we can see the lower highs from yesterday and today but as long as the support at 1.15 holds then I see this having a breakout. Next level of support will be 1.10. It is very normal to see a large breakout after seeing these very narrow ranges the last few days so look for that.
The cryptos are just looking so strong right now and Cardano to me looks like there is more upside here but watch those key support levels in case this pulls back due to lower volume and the 1.20 resistance.
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