Cardano Price Eyes 19% Rebound as Chang Upgrade Nears

Quick Summary:

The Cardano price is showing signs of a potential rebound, with a possible 19% increase on the horizon as the Chang Hardfork approaches.

Despite experiencing significant losses in the recent market downturn, Cardano has been one of the strongest assets to recover.

The technical analysis suggests a solid bounce from the bottom of a falling channel, which indicates that buyers are returning to the market, possibly in anticipation of the upcoming upgrade.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Cardano price Cardano price analysis Price Analysis ADA price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 06:05:03 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 525 words

Reading Time: 3 minutes read

Sentences: 48 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21966769

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 20 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

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