Cardano dipped beneath the $0.50 assist degree over the previous few hours. A decisive shut beneath such an important demand zone will put ADA prone to a 50% correction towards $0.25. This pessimistic outlook derives from the formation of a bear pennant sample on its 12-hour chart.
ADA 12-hour chart
Cardano must declare $0.55 as assist for an opportunity of invalidating the bearish thesis, which seems like a difficult duties as a result of low buying and selling volumes within the cryptocurrency market.
