Cardano Trend Is Still Unclear as the Price Could Turn Over

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Cardano’s trend is still unclear, as the price could turn over at any time soon. The token has always found ways to level up his game despite so many doubts. This has therefore made it one of the largest and most popular in the crypto space.

High expectations have been put on Cardano by the investors, and they are hopeful that the token price will break ground again. The US Federal Reserve Governor still anticipates more interest rate increases in the coming months, which could cause the pace of the hike to slow down.

Cardano Key Levels To Watch – November 8

The buyers have been held back as the price first arrives at a significant level of $0.4280. Traders are still not sure if the buying tendency could still break beyond the significant level of $0.4280 at the moment.

Cardano Trend Is Still Unclear as the Price Could TurnoverThe stochastic oscillator is at the 100.00 level, which implies that sellers are ready to change prices and focus on the ADA price. A sell, which could also appear as a pullback, is likely to emerge in the market. 

Nevertheless, traders should still anticipate buying opportunities as Cardano has a positive outlook. The MACD (moving average convergence and divergence) indicator signal is still trading in the middle region as the price is still unclear of a smooth trend.

Cardano Key Levels

Resistance Levels: $0.7350, $0.5710
Support Levels: $0.4280, $0.3380

Total Market Capitalization: $17B
Cardano Market Capitalization: $13B
Cardano Volume: $7B
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.