The 4-hour chart leaves no doubt: Cardano is in a strong downtrend that is likely to continue, forming new lows in July.
The price had a small reaction after reaching a new low for this year at $0.1145, but sellers seem to be super-strong any time the price gets close to the long-term downtrend line.
The price is going down very fast and we may witness a new low under $0.11 in July.
Indicators also show a strong bearish setup for this cryptocurrency.
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