‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop

Q: How long will it take to read this news story?

The story "‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop" has 494 words across 80 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop" was covered 2 days ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25567778</li><li>URL: https://beamstart.com/news/no-need-to-panic-cardano-17380514494880</li></ul>

NewsBTC Logo NewsBTC 2d ago

‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop - NewsBTC

Quick Summary:

Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday afternoon.

Dogecoin Chart Hints At Major Gains Ahead Previously, Sebastian noted that ADA’s "painful consolidation might soon be over,” as the cryptocurrency was "running out of space within this symmetrical triangle and might break out soon.” To the trader, If Cardano gets "back in the chart,” then the recent breakdown will "be busted and will likely result in a pump to the upside.” As of this writing, ADA is trading at $0.90, an 8% decline in the last 24 hours.

As the market correction persisted, ADA’s price lost the $0.90 support, hovering between the $0.85-$0.89 range before recovering.