The price of Cardano has been breaking through a major resistance on the monthly time frame. Rekt Capital made this update on Wednesday.
The last time the price reached this level, eight months ago, it triggered a major bearish decline of more than 60%. Now that the price is breaking above this level again, we need to see a close above the resistance for the chance of a major rally.
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For now, the $0.72 level, which is the black line in the chart, must hold as strong support for Cardano’s ADA price to start a new uptrend.
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The post Cardano (ADA) to Kickstart New Uptrend if Price Closes Above This Key Level appeared first on CaptainAltcoin.
