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Cardano Shows Red Flags and Only One Bullish Signal

The Cardano (ADA) price shows mixed signs on different time frames. Whether it bounces or breaks down from the $0.30 level could determine the future price trend.

The Cardano blockchain platform is a proof-of-stake platform created by Charles Hoskinson. The Cardano price has been falling since reaching an all-time high of $3.10 on Aug. 2021. The drop led to a low of $0.29 in Nov. 2021.

This caused a breakdown from the long-term $0.35 horizontal support area. The drop accelerated during November 2022, a fall seen throughout the crypto market.

(By Valdrin Tahiri)

Cardano Crypto ADA
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