Cardano

Cardano price jumps 10% as Buyers Eye Key Breakout

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Cardano price surge and technical breakout to bullish trend

ADA is nearing its 20-day Exponential Moving Average (EMA) currently. This measure tracks an asset’s recent average price over the previous 20 days, placing additional weight on near-term action. If Cardano pushes above this line, it could mark a clear shift from a bearish to bullish trend. A breakout above the 20-day EMA would confirm … Read more

Cardano Struggles with Recovery: Weak Inflows

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Cardano ADA struggles recovery market sentiment

Cardano’s financing rate has fluctuated between positive and negative over the last week, indicating erratic market sentiment. The fact that there are currently more short contracts than long positions indicates that traders anticipate more drops. This has put downward pressure on ADA’s price, making recovery difficult. Supporting the fight is Cardano’s Chaikin Money Flow (CMF) … Read more