Cardano Looks Primed to Rebound - BitcoinEthereumNews.com
เทคโนโลยีCardano Looks Primed to Rebound03 / 13 / 2022ข่าว Bitcoin Ethereumประเด็นที่สำคัญ Cardano could be preparing for a bullish impulse. ADA is sitting on critical support while buy signals are appearing. A spike in buying pressure could push ADA to $1. แชร์บทความนี้ Cardano looks to be sitting in extremely oversold conditions, possibly leading to a bullish impulse. Several technical indicators favor the optimistic outlook, although support looks weak. Cardano Appears Ready to Rebound Cardano appears to have reached a crucial support area while it remains stuck in a six-month downtrend. The Layer 1 blockchain‘s ADA token has lost significant ground since it reached an all-time high of $3.10 in September 2021. While other Layer 1 tokens like Terra’s LUNA have recently regained momentum, Cardano continues trending downwards as it sits 75% short of its peak. The downward pressure seen over the last few months has brought the asset to a make-or-break point. Cardano‘s price action appears to be contained within a descending parallel chanel that developed on its three-day chart in September 2021. Every time ADA has risen to this technical formation’s upper boundary since then, the uptrend has reached exhaustion, leading the price to retrace to the patterns middle or lower edge. From this point, ADA tends to rebound,