Since the 0.4 low made in May, Ada started to consolidate. This consolidation is a descending triangle though, suggesting the pressure is on the sell side.
With this renewed pressure on the crypto market, I expect a break of support and a 50% tumble could follow for Cardano.
Only the price back above 0.53 would bring some relief.
As long as the price is under this recent high, rallies should be sold
With this renewed pressure on the crypto market, I expect a break of support and a 50% tumble could follow for Cardano.
Only the price back above 0.53 would bring some relief.
As long as the price is under this recent high, rallies should be sold
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