Over the past few days, Cardano has seen tremendous growth as a result of the Shelley launch date announcement. Massive spikes like this are almost always followed by a temporary market short. This is confirmed by the MACD and Bollinger Band SMA breaking strongly to the downside. I expect consolidation around $0.07, maybe slightly lower. After consolidating, the...
Looking at Cardano specifically, it has built a strong bullish climb since the beginning of April, consistently staying above the SMA line on the bollinger bands, providing a nice floor. You can see this on the 1 Day charts when expanded out over 3 months.
