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Tuesday, February 14, 2023
HomeCryptoCardano has dipped beneath $0.50, growing the chance for a 50% correction

Cardano has dipped beneath $0.50, growing the chance for a 50% correction


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. 



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