Since the beginning of October, Cardano is fluctuating in a relatively narrow band and is struggling to make a decisive move in either direction.
However, on-chain metrics suggest that the so-called "Ethereum killer" could be on the verge of a bullish breakout.
As of writing, ADA was down 3.5% on a daily basis at $0.1057.
Following the August-October downtrend, Cardano seems to have gone into a consolidation phase between $0.9 and $0.11.
The price tested the upper limit of this channel twice in both October and November.
After the latest failed attempt, ADA retreated to the mid-point around $0.1 and started to recover its losses.
Read more from the original article:
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang