Cardano is expected to increase until...!

Cardano is in a bearish channel in the one-hour time frame. Also, as stubborn resistances above the candlesticks, the moving averages of 200 and 55 prevent possible price increases. By tilting downwards, they support the continuation of this downward trend.

In general, Cardano is expected to increase until the resistance of the channel's ceiling is at 0.3668. As long as it is below the said resistance, the sellers will have a special advantage to push the price down to the following supports.
Previous floor support at 0.3520.
Fibo extension support of 261.8% of AB wave at 0.3373.