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Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish Divergence Signals Rally

  • Cardano has experienced significant selling pressure in recent months, leading to a price drop of over 50% since March.
  • The cryptocurrency is currently facing a key support level at $0.57, with bullish implications if this level holds.
  • Analysts have pointed out a bullish divergence in the Cardano chart, suggesting that sellers may be losing momentum.
  • However, there is a bearish scenario if Cardano fails to maintain the $0.53 support, potentially leading to further price drops.

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