In sync with the recent uptick in the broader cryptocurrency market, Cardano Price has seen a notable rebound from the $0.46 level. This positive turnaround from the local support has resulted in a 12% increase in ADA’s value over the past five days, bringing its current trading price to approximately $0.519. However, this upward trajectory is encountering resistance at the trendline of the pennant pattern, which poses a risk of a prolonged correction if ADA is unable to break through this resistance level.
Last Pullback Before ADA Surpass $0.7 Mark
The ADA coin rebounded thrice from each side of the converging trendline indicating the pennant pattern has a strong influence on price movement
A price retracement of 50% projects the buyers continue to have a strong grip over this asset.
The intraday trading volume in the ADA coin is $552 Million, indicating a 61% gain
Cardano Price| TradingView Chart
ADA, the primary cryptocurrency of the Cardano ecosystem, has been experiencing a do
We współpracy z: https://coingape.com/markets/where-cardano-price-heading-in-february-2024-0-7-or-0-4/
