ADAUSD -- Cardano prices had begun to reverse down from the resistance level of 1.0000, that is between the upper daily Bollinger Band and the sharp 50% Fibonacci corrective downward impulse of last February, being the former strength of support, which has now in fact been reversing the price from beginning of last year, as seen on the daily Cardano price chart below.
Having established the notable strength of said resistance area accompanied by strong daily downtrends - Cardano cryptocurrency is poised to fall further toward the next support level 0.7420 (monthly low of February).
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