Cardano / Dollar may rise to 0.4348 - 0.4400

0.4168 is our pivot point.

Our preference

Rebound towards 0.4400.

Alternative scenario

The downside breakout of 0.4168 would call for 0.4081 and 0.4029.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4266 and 0.4310).

Supports and resistances

0.4504 **

0.4452 *

0.4400 **

0.4348

0.4244 last

0.4202

0.4168 **

0.4081 *

0.4029 **

Number of asterisks represents the strength of support and resistance levels.