Cardano sideways movement
We will most likely see ADAUSDT range between 1.1-1.4 USD fundamentally for the rest of January.
Cardano has been on a downtrend for the past 3-4 months and is looking for another break to the upside.
Reasons
- Highly anticipated launch of Sundaeswap which had some tx issues because of clogged network
- Overall Crypto market in a dip
- Tech stocks first drop since the first covid dump
- Retail traders taking a big hit
Once the market has stabilized and with the release of their first DEX, Cardano could see an uptrend with new ATH.
- Mayo
Cardano has been on a downtrend for the past 3-4 months and is looking for another break to the upside.
Reasons
- Highly anticipated launch of Sundaeswap which had some tx issues because of clogged network
- Overall Crypto market in a dip
- Tech stocks first drop since the first covid dump
- Retail traders taking a big hit
Once the market has stabilized and with the release of their first DEX, Cardano could see an uptrend with new ATH.
- Mayo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.