ADA Consolidating after Correction
Cardano found its bottom support last night at 563 sats. Since, it has made a jump back into the 700s and has formed a bullish pennant, with price being squeezed between 640 and 720. RSI has also found good support at 45.
We are currently waiting for a crossover of the 55 EMA and should expect a breakout above the 720 resistance line soon.
We are currently waiting for a crossover of the 55 EMA and should expect a breakout above the 720 resistance line soon.
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