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Invezz 2024-01-04 14:15:48

Cardano (ADA/USDT) analysis: a potential sell setup amidst major support breakdown

ADA/USDT chart and technical analysis Cardano dropped 19% yesterday due to Bitcoin’s ETF denial report. The price of ADA/USDT dropped below the major support level of 0.5904 and broke the bullish trendline. The price is likely to drop further to 0.3725 support level. The 0.5904 support level will now act as a strong resistance level

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