Cardano Analysis, August 17, 2025
Cardano on the M15 timeframe: Price action around the resistance area also reinforces the potential for a decline. Candlestick movements show a weak pattern in the green area, indicating that buyers are not strong enough to break through this level. Conversely, each time the price approaches this zone, the candlesticks tend to weaken and even form small reversal patterns, indicating renewed selling pressure. Such a scenario is usually an early signal for a resumption of the bearish trend. We can try selling now with a stop-loss at 0.92994 and a take-profit at 0.90220.
