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TronWeekly

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Cardano Bulls Struggle as $0.79 Resistance Stalls Breakout Momentum

  • Cardano's price is currently consolidating in the range of $0.65 to $0.85, with $0.79 acting as a strong resistance level.
  • ADA experienced a 14% decline over the week to around $0.71 due to macroeconomic uncertainties and high liquidity in the market.
  • Whales have accumulated over 180 million ADA, hinting at a potential upcoming breakout, with a price target of $10 by 2025.
  • Technical analysis shows ADA oscillating between $0.7316 and $0.86, with $0.79 being a crucial resistance level. Market observers anticipate a reversal in trend direction if there is a successful breakout above $0.79.

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