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Cardano Price Eyes $0.91 Breakout After Trendline Reversal - The Market Periodical
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Cardano Price Eyes $0.91 Breakout After Trendline Reversal - The Market Periodical
Key Insights: ADA broke out of a long-term descending trendline and retested $0.67 as a key resistance level. A daily close above $0.67 could initiate a rally toward the $0.83–$0.91 Fibonacci resistance range. Analysts expect a possible bullish continuation to $1.32 if ADA holds the breakout and demand zone. Cardano price was approaching a crucial resistance area following a long-term downtrend. Analysts have noted that breaking above $0.67 may…
Whale outflows and strong taker buying volume suggest increased upward sentiment. The decline in short-term holder activity contrasts with signals of overvaluation in the...
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