CHARTVIPER

Cardano formed a Channel Down on the 4 hour chart. Retest of resistance in sight.

Should we expect a breakout or a rebound on Cardano?
Cardano is heading towards the resistance line of a Channel Down. If this movement continues, the price of Cardano could test 0.7459 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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