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Cardano Risks Breakdown: Falling Wedge Signals $0.50 Crash

Summary by The Crypto Basic
Cardano is trading near $0.63 amid a falling wedge setup. A breakdown could push ADA to $0.50, while a reversal may target $0.77. Amid the broader market downturn, Cardano faces the risk of a potential breakdown from a falling wedge pattern. With declining optimism in the derivatives market, ADA may be heading toward the psychological $0.50 level. Cardano Price Analysis On the daily chart, Cardano shows a failed bullish attempt to break above a …
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The Crypto Basic broke the news in on Friday, June 13, 2025.
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