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Cardano Faces Triangle Breakdown Ahead of Crucial ADA ETF Deadline

  • Cardano (ADA) completed a triangle pattern on the daily price chart but a golden cross has formed on another timeframe.
  • Investors are closely watching the SEC’s decision on the ADA ETF application nearing the deadline.
  • ADA price decreased by 2% in 24 hours, yet saw gains over the past seven days, 30 days, and 90 days.
  • Analysts predict market uncertainty as traders await an explosive move, with ADA forming a triangle pattern amidst possible disruptive supply spike and potential bullish reversal with a golden cross.

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