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Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85

NewsBTC LogoNewsBTC13h ago

Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85 - NewsBTC

Quick Summary:

Key Support Zone Interaction Near $0.92-$0.95 A technical analysis of Cardano’s 4-hour candlestick chart, shared by crypto analyst melikatrader94 on TradingView, highlights a compelling confluence as Cardano attempts to regain upward momentum.

Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown Cardano’s towards the support trendline is a notable decline after its price reached a peak around $1.16 on January 17.

These repeated interactions with the trendline and the support zone show the volatility surrounding Cardano’s price over the past days and the ongoing battle between bullish and bearish market participants.

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Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85 - NewsBTC (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 16:30:19 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 25344605

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 11 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

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Publisher ID: #102

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