How Long Can Cardano (ADA) Continue to Climb?

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In Brief
  • ADA is facing very strong resistance from the 860 satoshi resistance.

  • The price is trading inside a short-term descending triangle.

  • A breakdown towards 700 satoshis is expected.

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The Cardano (ADA) price has increased by 58% since May 18. It has, however, reached an important resistance area that could initiate a severe reversal. This possibility is also supported by the creation of a short-term bearish pattern. ADA's Critical Resistance ADA has increased by 58% over the past 14 days, creating three successive bullish candlesticks in the weekly
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate 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.

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