Cardano (ADA) is currently grappling with a significant downturn, showing signs of a potential 14% drop despite a promising inflation rate and imminent network upgrades. This analysis explores the factors contributing to Cardano’s current market situation, including technical indicators, recent developments, and on-chain metrics.
Cardano Price Faces Bearish Pattern and Potential Drop
Cardano’s price action has recently exhibited a bearish trend, marked by a breakdown from a rising wedge pattern—a classic bearish reversal signal.·
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