The Merkle: Cardano Price Analysis for January, 31th – ADA: All Good Regardless of Correction Featured
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, the ADA cryptocurrency has slumped into a correction, which, after the robust and stable growth in January, looks logical. The cryptocurrency is generally trading around $0.0541. On D1, analyzing the long-term technical picture of the Cardano development, we can notice that the general trend looks like a quite wide narrowing channel. After a bounce off the lower border, a convergence on the MACD, a breakout of the resistance line of the previous channel, the quotations started developing an uptrend. The aim of the trend is the upper border of the general
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