Daily Analysis Cardano Renews Previous Lows of $0.33 and Enters Oversold Territory

Cardano  Renews   Previous   Lows   of   $0.33   and  Enters Oversold  Territory  Cardano (ADA)  has   broken  below the moving  averages   and   re-hit   its  previous low of  $0.33.  The bears  broke   out   of  the lower  range  to  maintain  selling  pressure.  In  recent price  movements,  ADA  has  fluctuated between $0.35 and $38. On the  downside,  the price of ADA will  drop  to a low of $0.33. Based on  price  quotes,  Cardano  has   revised   upwards  and  candlesticks   have  tested the 61.8% Fibonacci retracement line.