Cardano (ADA) May Soon Crater by 25% as Massive Resistance Looms
bitcoinist.com
Although being in a strong uptrend over the past few weeks – and even months – its buyers do not currently have enough support to shatter the resistance it faces at $0.10. One analyst is now noting that the token may continue pushing higher in the near-term until it reaches its “daily supply” zone.
One possibility mused by another cryptocurrency analyst is that Cardano could continue climbing before it faces a rejection that sparks a meaningful trend shift into sellers’ favor. He noted in a recent tweet that he is expecting ADA to rise just under 10% to its daily supply zone before seeing a sharp decline that causes it to plunge by nearly 25%.
Read in Full: bitcoinist.com
ADA |
$ 0.6454
|