Should the bears break the demand zone of $0.042 with a daily bearish candle, closed below the zone, Cardano price may find its low at $0.032 – $0.021 price level.
For a bullish bias to form there is a need for Cardano price to go above the supply zone at $0.046. On the downside, the demand zone at $0.035 stands to be broken, and that will require a strong selling pressure.
Should the bears maintain their momentum on Cardano market and breaks down the price level of $0.032, ADA price will use its previous low as its target.
Coinbase said Thursday it had expanded its product to several European countries and overseas territories, including Lithuania, Iceland, Andorra, Gibraltar, Guernsey and the Isle of Man.
In case Cardano penetrates above the key supply zone of $0.050, then the trend has changed to uptrend and have its high at $0.06 price level.
Cardano price may rally towards the supply zone of $0.042 in case the bulls defend the demand zone of $0.027.
Coinbase is exploring a possibility to add support for a list of 31 coins, including XRP that is currently the second-largest cryptocurrency by market cap.
Major fields’ players united for a ‘Blockchain for Europe Association’ lobbying group to represent the interests of blockchain based companies in the region.
Here’s the list of cryptocurrencies that are expected to broaden the Coinbase’s offering at the advent of the exchange’s excessive expansion.