UPS Target Action

With Cardano [ADA] breaching $0.4565, bears could eye this level next

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Cardano’s [ADA] recent drop from the $0.63-level shaped into a down-channel retracement in the daily timeframe.

The 50 EMA (cyan) joined hands with the horizontal resistance to propel this downfall.The broader trajectory would likely favor the sellers in the coming days.

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