
Expected long-term movement of the Cardano cryptocurrency
The Cardano cryptocurrency is moving within a descending price channel.
The currency has reached buying demand areas on the daily frame.
Currently, there are signs of accumulation already emerging.
If a candle with clear volume and momentum breaks and closes above
the descending price channel, we may see the currency rise to reach
the specified targets at the 0.70300 and 0.82000 levels, respectively.
If it breaks and closes below the demand areas,
we may see a continuation of the decline within the price channel
and a test of the lower boundary of the price channel near the 0.43000 level.