Cardano $ADA token price gets ready for next big move: Here's what to expect cardano ada cardanoada cardanocommunity
, one of the leading cryptocurrencies, is currently witnessing a steady 1.5% growth in its price, signaling the possibility of a significant upcoming surge. Following a painful fall in early June, ADA's price has spent the past month in upward consolidation, reviving hopes for a breakthrough.
Throughout this period of consolidation, ADA's price movement has shown characteristics of a classic bearish wedge pattern. Thus, in the event of a downward collapse, triggering a liquidation of long positions from the previous fall would not come as a surprise. As long as ADA remains below the crucial $0.3 level, this bearish scenario could be considered a likely outcome.
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