Naghahanda si Cardano para sa malawakang paglipat sa presyong ito
Pananalapi Naghahanda si Cardano para sa malawakang paglipat sa presyong ito Having spent years tirelessly working to develop its ecosystem, the native token of the Cardano blockchain – ADA – experienced a veritable price explosion in late 2023 after spending well over a year in decline and stagnation. As a major candidate to be the Ethereum (ETH) killer, the cryptocurrency is no stranger to sudden rises and falls and has, in recent months, indeed done both, starting its upward journey in mid-October 2023 near $0.25, surging to $0.66 in mid-December and mostly falling since. The token has, however, again started rising sharply in the last 24 hours and finds itself in a peculiar position where – despite being on a decisive downtrend – it has the potential to make a major comeback. Cardano eyes 32% rally On Thursday, February 8, the prominent crypto analyst Ali Martinez took to X to ituro that ADA has started forming a descending triangle formation chart pattern – a strong bearish signal in technical analysis (TA). The pattern is formed when a series of lower highs and a lower resistance level are traced with two trendlines. Despite it showing a bearish chart pattern, Martinez believes that ADA has an opportunity to break out
