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Cardano price to outperform the rest of the market despite ADA consolidation

  • Cardano price seems to be contained within two massive barriers.
  • A daily candlestick close above $1.85 could lead to higher highs.
  • Conversely, falling below $1.40 might see ADA crash to $0.84.

Cardano  price has endured a two-week-long consolidation period without providing a clear signal for where it is heading next.  

Cardano price looks primed for volatility

In the following video, FXStreet’s analysts evaluate where Cardano price could be heading next as ADA trades between two crucial levels.

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.