Preparing for Next Week: Bulls & Bears

Cardano’s recent price volatility has attracted the attention of both bulls and bears. The cryptocurrency has struggled against resistance at the $0.40 level, while the $0.38 support zone has proven reliable. Positive news flow, strong adoption and backing from developer Charles Hoskinson have bolstered bullish sentiment. Investors with a bullish outlook could benefit from a breakout above the $0.40 resistance level, while those with bearish views could profit from shorting the rejection. Those with neutral views could turn to a range trading strategy between support at $0.38 and resistance at $0.40. By analysing technical indicators and employing well thought-out trading strategies, investors can position themselves to capitalise on Cardano’s volatile market. This article is for informational purposes only and should not be considered financial or investment advice.