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Cardano Price Analysis: Is a Major Reversal Brewing?

  • Cardano (ADA) shows strong bullish structure on weekly, daily, and 4-hour charts with higher highs and higher lows.
  • A potential shorting opportunity exists in a supply zone above liquidity on the 1-hour chart.
  • Traders must exercise caution as price reactions are unpredictable in zones with high liquidity.
  • The higher timeframes suggest a bullish momentum while the 1-hour chart indicates a potential short opportunity, but the ultimate direction is uncertain.

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