Cardano Price Resistance Hints 12% Drop as Network Upgrade Nears

Quick Summary:

The Cardano price has been trending downward for the past couple of weeks owing to bearish market conditions.

The recent candlesticks support a bearish bias after a failed attempt to break above the resistance zone.

There is also horizontal resistance around the $0.335–$0.35 range, where the price has struggled to maintain its level.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Cardano Price Prediction Cardano price analysis Cardano price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 05:31:04 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 523 words

Reading Time: 3 minutes read

Sentences: 50 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21978441

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 23 posts per day

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Headquarters: India

News Last Updated: 15 hours ago

Coverage Areas: India

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