Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Articles about Cryptocurrency => Topic started by: ramarajs14 on July 25, 2021, 09:12:34 AM
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Two critical price points will determine Cardano’s price movement.
To be optimistic, rising above the $1.30 resistance level can take ADA to $2.00.
However, if the $1.00 support fails, investors may have to prepare for a 60% crash.
This pattern formed for ADA since its all-time high of $2.47 in mid-May. Since then, a series of lower highs have created the triangle’s hypotenuse while its x-axis treaded around $1.00. Now, traders’ hopes of sunny days or rainy days depend solely on whether Cardano breaks through the overhead resistance at $1.30 or through its support of $1.00. Traders should take great care before investing at this time.
Source: https://coinquora.com/high-volatility-for-cardano-60-price-move-coming/