2022-6-21 13:34 |
Input Output Global, the development company behind Cardano, has postponed the network’s long-anticipated Vasil hardfork upgrade. The team says it has seven bugs to iron out and wants to allow... origin »
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Cardano (ADA) price has plunged 5% in the last 24 hours following a downward trend in sentiments and on-chain factors. This follows a wider market correction that saw over $1. 6 billion wiped out of the ecosystem.
ADA’s general outlook remains bullish on the mid-term, but the latest correction has brought a notable reduction in the past weeks. It bounced a bit but is now trading calmly after rejecting a key psychological level.
ADA’s $0. 88 support level remains pivotal as technical indicators hint at a potential rebound. Market sentiment shows indecision, but a breakout above $0. 88 could ignite bullish momentum.
Cardano (ADA) experienced extremely low volatility on Sunday as the market stabilized after a rough week. ADA saw a significant 15% drop in value over the past seven days. However, recent price movements suggest a potential bullish reversal despite this decline.
ADA has declined by 8.77% over the past 24 hours. Market fundamentals show strong bearish outlook while an analyst predict a rally after correction. Since hitting $1.3, Cardano [ADA] has stThe post Cardano's road to recovery: Analyzing the potential for a $6 rally appeared first on AMBCrypto.