Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch
The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Go to Source Powered by WPeMatico
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The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Go to Source Powered by WPeMatico
The total number of Cardano wallets with at least a $1 million balance has surged from 3,625 on July 20 to 9,830 on Aug. 24. Go to Source Powered by WPeMatico
The bearish outlook appears also as Cardano’s daily relative strength index (RSI) reflects overbought sentiments. However, euphoria surrounding Cardano’s smart contracts launch and its mild correlation with Bitcoin keeps the upside hopes intact. Go to Source Powered by WPeMatico
The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit. Go to Source Powered by WPeMatico
Bitcoin and Ethereum’s upside exhaustion, Cardano’s smart contract FOMO, and an overall boom in the altcoin market catalyzed ADA’s gains. Go to Source Powered by WPeMatico
Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%. Go to Source Powered by WPeMatico