Cardano, the cryptocurrency, has recently been unable to move above the 40 cents resistance level, and the momentum is now shifting towards sellers. The trading volume is making lower highs, indicating that buyers are exhausted, and the RSI and MACD have both turned bearish, showing that sellers have the upper hand. If the price falls, the key support level will be found at 36 cents. The bias is leaning bearish, and it appears likely that Cardano will enter a correction in the coming days. Bears are likely to control the price action until the first level of support at 36 cents, where buyers could return to reverse the downtrend. It is important for investors to keep an eye on the price action and indicators in order to make informed decisions about their investments.
Cardano Fails to Move Higher, Bears Take Control of Price Action
