Analytics

Here’s Why Cardano Price Is at Risk of 18% Fall Ahead

06.04.2024

ADA, the native cryptocurrency of the Cardano ecosystem recently reverted from the $0.68 level amid the broader market correction. This lower high formation in the daily chart indicates the traders are selling on a bullish bounce which tumbled the ADA value 17.8% within a fortnight. Moreover, the declining price now challenges the key support of the H&S pattern and long-coming support together, indicating a pivotal moment for the Cardano price.

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06.04.2024
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