Cardano price analysis

The price action of the past few days has formed a symmetrical triangle pattern in Cardano (ADA A 0.468$), signaling

The bears will try to sink the price below the support line. If they succeed, it will signal the start of the next leg of the downtrend. The ADA/USDT pair may plummet toward the next support at $0.35.

Contrarily, if the price turns up from the current level or the support line, it will suggest that the pair may remain inside the triangle for some time. A break and close above the resistance line will tilt the advantage in favor of the bulls. The pair may then start a move toward $0.62.