There are possibilities for further downtrend movement in which Cardano price may have its low at $0.036 price level in case the bears break the demand zone of $0.042.
Should the bulls push Cardano price up to break the supply zone of $0.064 upside, the trend may change to uptrend but in case the bears defend this zone there will be downtrend continuation.
In case the demand zone of $0.075 holds, Cardano price will resume its uptrend movement which may break the supply zone of $0.081 upside
The bulls are trying to defend $0.069 demand zone which will make the Cardano price to bounce and rally to the north towards the supply zone of $0.075.
The global crypto market is recovering after the South Korean false regulatory announcement. Cardano and NEO increased in value, while Bitcoin and Ethereum receded from their positions.