As Bitcoin entered the $46,000-mark, the corresponding effects were witnessed in most altcoins as they struggled to counter the bearish force. As a result, Cardano, Binance Coin, and the Sandbox were trading in the red zone over the past day.
Cardano (ADA)
Source: TradingView, ADA/USDT
While most cryptos relished an Uptober, ADA lost nearly 60% of its value since its ATH on 2 September. After a 13.05% breakdown from the rising wedge, the price action steeply plunged to poke the $1.19-mark on 11
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