Cardano Price At Risk Of 15% Crash, Analyst Warns It Might Get ‘Bloody’

Quick Summary:

The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs).

Such a rebound would bring Cardano back above the EMAs and indicate renewed bullish momentum to reduce the risk of further declines.

In such a case, the analyst noted that Cardano would be able to push above $1.02 and eventually reach $1.2 to $1.3 in the next few days.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Cardano ADA Analyst Crypto news Crypto Cardano Price ADAUSDT Cardano news Altcoin News Crypto Analyst Adausd ADA news ADA Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 16:00:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25156990

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News Last Updated: 16 hours ago

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