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Cardano price is on its ninth consecutive week of weekly candlestick closes below the open – that’s a bearish near-term record no primary market cap cryptocurrency can match. But the constriction has been so prolonged that a breakout now could trigger some massive price spikes.
Cardano price shows a bull trap pattern in development on its Point and Figure chart.
The longer Cardano remains below $2.00, the more complex a breakout higher will be.
Downside risks abound, and the selling pressure may not be finished for Cardano.
Cardano price shows a bull trap pattern in development on its Point and Figure chart.
The longer Cardano remains below $2.00, the more complex a breakout higher will be.
Downside risks abound, and the selling pressure may not be finished for Cardano.
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