Cardano price fake-out? ADA's 45% rebound in two days could trap bulls

Cardano price fake-out? ADA's 45% rebound in two days could trap bulls
фото показано с : cointelegraph.com

2022-6-2 17:50

ADA price has seen sharp recoveries during bear markets in the past with many turning out to be bull traps.

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Cardano (ADA) на Currencies.ru

$ 0.4167 (+0.37%)
Объем 24H $591.599m
Изменеия 24h: -5.56 %, 7d: -0.83 %
Cегодня L: $0.4139 - H: $0.4167
Капитализация $14.961b Rank 10
Цена в час новости $ 0.5761 (-27.67%)

ada price bear markets recoveries seen sharp

ada price → Результатов: 126


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Cardano weathered a mixed end to 2024. While Q4 brought substantial gains in price and treasury holdings, recent weeks have seen ADA tumble alongside most cryptocurrencies.   The project did roll out major governance improvements and saw more DeFi activity, but it’s still grappling with a cooling NFT market and struggles to keep users consistently engaged.

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Is Cardano Price Set to Explode? Key Chart Patterns Suggest What’s Next for ADA

The price of ADA has been showing interesting patterns. The daily chart shows a symmetrical triangle forming—a pattern that often hints at where the price might go next. Prominent analyst Freedom By 40 posted about it on X (formerly Twitter), saying, “$ADA looks great for continuation,” showing some faith in the market’s direction.

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