Pepe (PEPE) and dogwifthat (WIF) broke out of their consolidation regions.
Cardano (ADA) failed to breakout while being rejected at major resistance level.
PEPE and WIF are up by more than 30% in the past seven days.
Pepe (PEPE), dogwifhat (WIF), and Cardano (ADA) have broken out of their consolidation patterns, signaling potential volatility. This surge comes as Bitcoin (BTC), falls below the $65,000 price level, dragging down the broader crypto market.
Cardano (ADA): Breaking Out or Fading Away?
The chart provided by TradingView below shows the ADA/USDT pair trying to push higher and break out of the consolidation region between $0.3 and $0.4 price levels. Last week, the altcoin reached a high of $0.413 but failed to claim the $0.45 price level.
According to CoinMarketCap data, ADA is priced at $0.3824 at the time of writing, down 3.42% in the past 24 hours but up 8.32% in the past week.
Read also: Cardano’s ADA Eyes $1: Bullish Analyst Predicts Surge
The Relative Strength Index (RSI) of the PEPE price action is valued at 56.91 which means that the bulls are overall in charge but the price might continue to go down as per the gradient o…
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