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Cardano (ADA) Downtrend Deepens—Is a Rebound Possible?

Summary by NewsBTC
Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses. ADA price failed to recover above the $0.70 resistance zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start an…
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Blockonomi broke the news in on Wednesday, April 2, 2025.
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