Cardano Price Consolidates Near Key Support Levels

By Lola Coin Aug 2, 202350Views

Key Support Under Pressure

Cardano is preparing a significant move and the price is compressing above the key support. On Monday, the price briefly dipped under the key support at $0.30, only to be saved by the bulls that rushed in as soon as that happened. This support has been tested three times since mid-July, and the pressure is building up.

Main Breakdowns:

The price of Cardano is currently compressing above the key support level.
On Monday, the price briefly dipped under the key support of $0.30.
Bulls rushed in and saved the price from falling further.
This key support level has been tested three times since mid-July.
The pressure on the support level is increasing.

Cardano’s price is at a critical point as it struggles to maintain the key support level at $0.30. Bulls have managed to prevent the price from falling further, but the pressure is mounting. If the support level breaks, it could result in a significant move for Cardano.

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