Trading Analysis: Cardano's trend forms a descending triangle
Twitter user Ali posted a tweet regarding ADA: Cardano is forming a descending triangle on the lower time frames. A sustained close above $0.638 could trigger a bullish breakout, potentially propelling ADA toward $0.700. However, keep a close eye on the $0.613 support. Any weakness at this level could dampen the ADA bullish momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An exchange accidentally leaked details of OpenSea's $150 millions ICO
A certain exchange once posted "Opensea public sale next week," but later deleted it.
Data: Circle newly minted 500 millions USDC
Spot gold returns to $4,200
Trending news
MoreCrypto prices
More
