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Cardano Price Prediction: Analyst Sounds Alarm Of Break Through Key Resistance, Why A Rally Could Follow

  • Cardano price has broken through a key resistance, signaling a potential uptrend.
  • The cryptocurrency is approaching a 'demand zone' at $0.0313, which could act as a crucial support level.
  • If Cardano bounces from this level, it could rally and break out above the $0.417 resistance, indicating higher resistance targets.
  • However, if Cardano fails to hold the support levels, it could lead to a steep decline and invalidate the bullish scenario.

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