Cardano shows a strong down trend

Cardano / TetherUS BINANCE:ADAUSDT

Deracrypt

The next Ethereum , Cardano is showing a huge downtrend on a daily and monthly time frame.
However, if Cardano can hold above $0.707 then we would be expecting a surge to the upside around $1 – $1.1. But if the price falls below $0.707 then we should expect a continuous down movement to $0.37

trading with caution is adviced

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