Tuesday, 02 January 2024 12:17 GMT

Cardano Wave Analysis 23 June 2025


(MENAFN- FxPro)

Cardano: ⬆️ Buy

– Cardano reversed from the support area

– Likely to rise to resistance level 0.6000

Cardano cryptocurrency recently reversed from the support area between the long-term support level 0.515 (which has been reversing the price from November of 2023) and the lower daily Bollinger Band.

The upward reversal from this support area stopped the C-wave of the earlier weekly ABC correction (B) from the start of May.

-p src=/wp-content/themes/fxpro_news_2025/assets/images/etf/820x312_ETF_1_uk_75_eng.png>

Given the strength of the support level 0.515 and the oversold daily Stochastic, Cardano cryptocurrency can be expected to rise to the next resistance level 0.6000.

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FxPro

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