Although there is potential for a correction, the overall bias for Cardano is still strengthening toward its nearest resistance

[Ben Graham]

[Cardano]

With the appearance of a Bearish Divergence on the RSI indicates potential for a limited correction in the bullish bias of Cardano, although the overall direction of the cryptocurrency's bias remains upward.

Key Levels

1. Resistance. 2 : 0.44529

2. Resistance. 1 : 0.44021

3. Pivot : 0.43298

4. Support. 1 : 0.42790

5. Support. 2 : 0.42067

Tactical Scenario:

Positive Reaction Zone: If the price of Cardano breaks out and closes above 0.43298, there is potential for it to continue strengthening to 0.44021.

Momentum Extension Bias: If 0.44021 is successfully broken, Cardano may continue its strength up to 0.44529.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of Cardano falls and breaks down below 0.42067.

Technical Summary:

EMA(50) : 0.43018

EMA(200): 0.42529

RSI(14) : 34.50 + Bearish Divergent

Economic News Release Agenda:

Due to the national holiday of Black Friday, there will be no economic data releases during the U.S. session tonight.

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