As the broader market continues its steady slump, Shiba Inu and IOTA see a breakdown below the 61.8% Fibonacci level. Moreover, Cardano bears breached the crucial $1.26-mark while the near-term technicals for all these cryptos demonstrated a bearish bias.
Cardano (ADA)
Source: TradingView, ADA/USDT
ADA continued its bearish streak and formed a descending triangle on its 4-hour chart over the past five days. As the alt saw a 13.05% breakdown from the rising wedge, the price action steeply plunged
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