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Exclusive Cardano (ADA) Struggles to Find Footing After Fall From Highs

2 mins
Updated by Kyle Baird
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In Brief

  • ADA has bounced at the long-term $1.05 support area.
  • It's following an ascending support line.
  • ADA/BTC has reclaimed the 3,800 satoshi support area.
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Cryptocurrency trader @TheEurosniper outlined an ADA/BTC chart, stating that an eventual new all-time high is expected due to the considerable consolidation period prior to the breakout.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst. (I do not have a discord and will not contact you first there. Beware of scammers)
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