Cardano Price May Rebound at $0.28 Support Level
Cardano's daily chart indicates a declining trend. On July 17, the chart showed a double top formation near the $0.45 resistance level. After first encountering resistance at the anticipated initial level of $0.37, the price tested the resistance level of $0.45.
However, the price gradually recovers. On the daily chart, there was a bearish candle pattern. Bearish candles have been present for the past two weeks, and the $0.28 support level has finally been put to the test. Right now, the price is retracing to test the resistance level at $0.35.
