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Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday July 26, 2024.
Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday July 26, 2024.
Crypto-currencies
2024-07-29 02:14:32
Although on the 4-hour chart, the Cardano cryptocurrency is still dominated by Sellers, which is indicated by the price movement of the cryptocurrency moving within the Bearish Pitchfork channel, but with the occurrence of a deviation between the price movement and the MACD Histogram indicator, it gives an indication that in the near future Cardano will experience a strengthening correction, but as long as the strengthening correction is not more than 0.41480, Cardano actually still has the potential to continue its weakening to the level of 0.38100 and if the momentum and volatility support it, the level of 0.36000 will be the next target to be aimed for.
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