fxstreet.com 01 Feb, 2021 14:45 am

ADA looks primed for a 30% move

ADA looks primed for a 30% move
Cardano price saw a meteoric surge of 200% from late-December 2020 to mid-January 2021. However, the smart contracts token has been stagnant over the

Cardano price is bound for high volatility following a long consolidation period.Cardano price saw a meteoric surge of 200% from late-December 2020 to mid-January 2021.Cardano price sits at a make-or-break point ADA’s consolidation phase is nearing completion as its price trades around the $0.Cardano IOMAP A spike in sell orders that pushes Cardano price below the 50 twelve-hour EMA will likely validate the bearish outlook.

27 level where the SuperTrend indicator and the 100 twelve-hour EMA converge.It would be extremely bearish for ADA price to breach this confluence, as it would cause it to drop towards the 200 twelve-hour EMA around the $0.

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