Cardano Price Could Shift Focus In Coming Days

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Cardano price could shift focus in the coming days. Although it looks like the token price is now rising to its expectations despite its previous setback, the ADA price has been regaining highs bit by bit in places where most traders have mostly turned a blind eye to them. However, a buying stance is still in view as most traders look toward a plausible breakout.

Sellers could also push the price lower, which could be triggered by FOMC’s (Federal Open Market Committee) actions as market participants speculate on going short on Bitcoin. This could, however, affect Cardano.

Cardano Key Levels To Watch – November 21

Buyers appear to be in a good mood lately. Nevertheless, sellers are already patrolling below the $0.4230 key zone. This could mean that a reversal is still close by but buyers are still looking towards breaking beyond $0.4230, a significant level at the moment.

Cardano Price Could Shift Focus In Coming Days

The RSI (Relative Strength Index) shows buyers’ progression back to the middle zone, and the Moving Average crossing of days 9 and 14 remains positive in its slope.

Cardano Key Levels

Resistance Levels: $0.9090, $0.5620
Support Levels: $0.4230, $0.3370

Total Market Capitalization: $18B
Cardano Market Capitalization:$14B
Cardano Volume: $5B
Market Rank: #9

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.