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CoinStats - Cardano: Analyzing how ADA’s rally hinges on ...

Summary by coinstats.app
Cardano fell 5.70% to $0.7709 after breaking out of a falling wedge on the 3-day chart. Retail long bias is high, but fading short-term activity limits breakout strength. Cardano [ADA] is trading just above a key support level after breaking out of a multi-month falling wedge pattern on the 3-day chart, sparking bullish hopes. At press time, ADA traded at $0.7709, down 5.70% in 24 hours. Therefore, bulls face pressure to reclaim momentum. If the…
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coinstats.app broke the news in on Friday, May 16, 2025.
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