fxstreet.com 12 Feb, 2021 13:45 am

ADA uptrend to $1.4 in jeopardy as support weakens

ADA uptrend to $1.4 in jeopardy as support weakens
Cardano appears to be slowing its 460% rally from January 1. The upcoming smart contract token has recently hit a yearly high at $0.98. However, a cor

Binance is rumored to have increased ADA fees by 400%, adding to the overhead pressure.ADA/USD 4-hour chart Binance increases ADA withdrawal fees by 400% A discussion has emerged on Reddit on why Binance may have increased Cardano’s withdrawal fees by 400%.Cardano must hold above the ascending channel’s middle boundary support to ensure market stability.Cardano IOMAP chart ADA is also trading above the ascending channel’s middle boundary.

Simultaneously, holding above the ascending parallel channel’s middle boundary will ensure stability prevails, thus avoiding the losses.Here, nearly 38,000 addresses had previously bought approximately 3.

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