CandleFocus Cardano (ADA) Could Fall 15%, Here’s Why
2024-12-22
Author: Content Editor
The overall cryptocurrency market is struggling, and Cardano (ADA) is expected to experience a price decline after forming a bearish pattern. Technical analysis suggests that ADA could drop by 15% to reach the next support level at $0.80. However, despite this bearish outlook, long-term holders are optimistic and have been moving their assets away from exchanges, indicating potential upside momentum and a buying opportunity. Currently, ADA is trading near $0.89, with a 5.5% price decline in the past 24 hours and reduced trading volume.
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