Cardano’s accumulation phase: Is $0.90 within reach now?

Quick Summary:

ADA's on-chain data reveals $0.2 and $1.99 as crucial levels impacting market activity, with possible liquidations or profit-taking pressure.

This suggests that mid-term holders may be either cashing out or moving to a shorter holding period, possibly taking profits or reassessing positions amidst market shifts.

Cardano was trading within a consolidation phase after a strong rally, moving in a narrow range at press time with slight bullish undertones.

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: United States

Topics: News Altcoin Cardano Social News 1 Ambcrypto Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 09:30:31 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 720 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23601142

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 24 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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