CARDANO $0.882507The price of (Island) attracts attention after the new regulatory statements in the US and the reserve plans on the agenda for subcoins. Analysts observe significant technical formations and regulatory steps that may affect Cardano’s price movements. The latest regulatory statements in the United States increase the interest of investors and reveal various predictions about the future aspect of the price.
Technical Analysis for Cardano Price
A leading analyst said that Cardano’s price has been in a significant decline trend since last December. Analyst said that this decline constitutes a expanding upright angle joint formation. It was emphasized that the $ 1.14 level stands out as a critical resistance barrier in this formation. If the daily closures are above this level, the price may be possible to rise up to $ 2.
Ali Martinez predicts that overcoming this level may be a jump point for Cardano’s recovery movement. This causes investors to carefully monitor the price movements.
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Regulatory steps in the US are effective
Regulatory explanations in the United States can lead to significant changes in the crypto currency market. Especially Bitcoin 
$89,294.82 In addition to the strategic reserve plan foreseen for, similar plans for subcoins come to the agenda, creating a positive atmosphere in the market. The US regulatory institution SEC’s acceptance of Grayscale’s file on Cardano is considered one of the factors that increase the positive atmosphere in the market.
Another analyst stated that Cardano has entered the technical consolidation process on the daily graph, and predicts that the price can reach $ 1.30 and $ 1.40 in the short term. These statements are among the indicators that support Cardano’s short -term rise.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
