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Cardano Surges to $0.56, Yet Analysis Suggests a Reversal May Be Imminent

AMBCrypto LogoAMBCrypto1w ago

 Cardano Surges to $0.56, Yet Analysis Suggests a Reversal May Be Imminent - AMBCrypto

Quick Summary:

Despite a bullish Bitcoin, the buying volume behind ADA has not kept pace suggesting that a reversal was likely.

Since then, the bullish price action has stalled as the buyers ran into a thick clump of resistance.

However, the 12-hour bearish order block (red box) at the $0.56 region came alongside the presence of a fair value gap (white box) at $0.55.


More Pictures

 Cardano Surges to $0.56, Yet Analysis Suggests a Reversal May Be Imminent - AMBCrypto (Picture 1) Cardano Surges to $0.56, Yet Analysis Suggests a Reversal May Be Imminent - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Akashnath S

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-13 @ 08:30:28 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 20057187

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 12 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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The story " Cardano Surges to $0.56, Yet Analysis Suggests a Reversal May Be Imminent" was covered 1 weeks ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 12 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #20057187
  • URL: https://beamstart.com/news/cardano-rallies-to-056-but-17078187249293

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