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Cardano’s bullish breakout? This time, it’s $1 or $0.40 for ADA’s price Among the top 10 cryptocurrencies, Cardano's [ADA] performance over the past few hours was among the best. Due to this, the price of ADA has reached a crucial point because it was about to break out of a bull pattern. Cardano gets ready for a protest. Popular cryptocurrency researcher World Of Charts recently highlighted a bullish pattern that developed on ADA's chart in a tweet. The tweet states that the price of ADA has crossed above the bullish flag pattern's top trendline. If there is a successful breach above that threshold, growth might be rapid. In fact, the tweet hinted that ADA would reach $1 in the upcoming weeks if there was a breakout.

Cardano’s bullish breakout? This time, it’s $1 or $0.40 for ADA’s price

Among the top 10 cryptocurrencies, Cardano's [ADA] performance over the past few hours was among the best. Due to this, the price of ADA has reached a crucial point because it was about to break out of a bull pattern.

Cardano gets ready for a protest.

Popular cryptocurrency researcher World Of Charts recently highlighted a bullish pattern that developed on ADA's chart in a tweet. The tweet states that the price of ADA has crossed above the bullish flag pattern's top trendline.

If there is a successful breach above that threshold, growth might be rapid. In fact, the tweet hinted that ADA would reach $1 in the upcoming weeks if there was a breakout.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Bitcoin's price can be influenced by various factors, including market sentiment, regulatory news, macroeconomic trends, technological developments, and trading activity. A "dump" in Bitcoin's price could occur due to several reasons: 1. **Market Sentiment:** Negative sentiment among investors can lead to selling pressure, causing the price to decline. 2. **Regulatory News:** Announcements of new regulations or crackdowns on cryptocurrency exchanges or trading activities by governments can negatively impact prices. 3. **Macro-economic Trends:** Economic events such as inflation concerns, changes in interest rates, or geopolitical tensions can influence investor behavior and affect Bitcoin's price. 4. **Technological Issues:** Problems with the Bitcoin network, such as scalability issues or security breaches, can lead to a loss of confidence among investors. 5. **Profit-taking:** After a period of significant price increases, some investors may decide to sell their holdings to realize profits, leading to a temporary price decline. 6. **Whale Activity:** Large holders of Bitcoin, known as whales, can influence prices by buying or selling large amounts of the cryptocurrency. 7. **Market Manipulation:** Illegal activities such as market manipulation, including pump-and-dump schemes or coordinated selling by large groups of traders, can cause sudden price drops. These factors, either individually or in combination, can contribute to a decline in Bitcoin's price, commonly referred to as a "dump." It's essential for investors to stay informed about developments in the cryptocurrency market and exercise caution when trading or investing. #BlackRock #MicroStrategy #bitcoinhalving #BTC #JHK
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