Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Cardano broke down from its long-term descending triangle to reveal a solid bearish edge. The crypto network’s development activity has been consistently rising since April. After plunging from the $1.2-resistance in April, Cardano [ADA] bears […]
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The crypto network’s development activity has been consistently rising since April.bears continued to find renewed pressure while the altcoin kept finding fresher lows. This descent entailed a trendline resistance that induced selling rallies.
The resultant breakdown resulted in the bears flipping this mark from support to immediate resistance. The entailing losses pulled ADA toward the $0.33 baseline before the buyers stepped in.
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