Cardano Price Reversal May Happen Rather Soon, Here's What to Expect

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Cardano Price Reversal May Happen Rather Soon, Here's What to Expect
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ICYMI: Cardano's current decline may open a window of opportunity ADA $ADA CardanoADA

, has once again fallen to the lower boundary of the price corridor. We are talking about the zone between $0.4 and $0.6 per token, where the ADA price first fell after the crypto market shakeout in May.

ADA quotes touched the lowest part of this range twice in the last three months. The first time was directly at the end of the May fall, where there was a massive buyback. The second time that $0.4 per ADA was a strong support was in mid-July. After both of these touches, ADA gained momentum and, a few weeks later, returned to the upper boundary of this corridor, to $0.6 level.Thus, every time during the last three months, when ADA reached a price of $0.

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