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Muesliswap

Cardano ADA/USDT 1D WBINANCE:ADAUSDT Cardano/Tether 1D W $ada is at the bottom of the weekly trend line, looking for a bounce with good volume, hopeful reverse this downtrend we've been in since 6th sept 2021, on the 4 hour we've turned bullish with good volume, price target of $0.59 in the coming few days. before a slight pull back (spring, back test, spring) and the a price target of $0.6894. The news that Cardano has successful completed the extensive testing of all core components, plus confirmed community readiness Vasil Hardfork was confirmed for 22nd September 2022.
Long
by TechnicallyBullish
Support found at previous resistance and current trendlineI am not a financial advisor, this is not financial advice. I have been trading for 9 years now. Support for Cardano can be found at 1.47 where the previous resistance is found. I have noted all resistance and now current support. This does not mean we may not find further downside, it relies on BTC . However, this MAY be the bottom for Cardano . Furthermore, fundamentals for Cardano may be in favor for ADA. Projects such as SundaeSwap and MuesliSwap when live, will provide more liquidity to the network, forcing new investors to purchase ADA in order to swap new high risk/high rewards Cardano tokens. This will spark the new surge for ADA. Keep an eye at 1.47, if support is broken, may be good buying opportunity because those prices will be short lived.
Long
by ChawnTrades
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