Cardano: Where is the floor for this criptomoeda?

Cardando appeared in the crypto-coins market in October 2017 with the objective of being superior to the Ethereum, but with the fall in late 2017 it has not yet been able to recover.

In the analysis we can see that the currency is within a low channel indicating a major collapse, its price tends to fall even more. We can observe in the image above that the bollinger bands are indicating the formation of an alligator mouth, meaning the volatility of that coin tends to increase and the direction of movement indicates that the price will continue to go down. Moving averages, another analysis tool, also continues to indicate that the drop should continue.

In this perspective, if the current support is not sustained, we will see Cardano go towards support around US $ 0.05. Now, it is essential that developers do something to bring a part of the market back into this crypto-currency, we should expect the move in the next few days to know if the trend will continue to push Cardano down.

For Cardano to have a recovery of gains, it is necessary that the upper line (blue line) of the low channel is broken. With that, possibly, we will have a twist of tendency.