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CRUCIAL LEVELS

The Cardano coin is currently at the bottom of the Value Area region
[The region that contains 70% of trading volumes since 2022]

Based on the Delta indicator;
It has entered a reaccumulation phase on the weekly timeframe

As shown on the left side of the chart
The coin is facing strong selling pressure, especially around the PoC level near the price of 0.38
[The region that accounts for the largest trading volumes over the past four years]

A drop below the region around the price of 0.22 would mean losing the entire Value Area, which poses a risk of a sharp decline, and must be protected

The reaccumulation phase does not protect the coin from falling, but it indicates that the coin is in healthy condition, and that the decline is just a temporary phase to gather buying strength and return to an upward trend, overcoming selling pressure

The overall risk that cryptocurrencies are exposed to over the past seven months is 60%, so investors should be prepared for this risk in case of losing the mentioned Value Area region

Based on trading volume indicators, if the price surpasses the PoC region around 0.38;
This phase will end, and the coin will be able to reach a new high

I am still optimistic about your Cardano

#btc
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