Cardano Could Drop 20% Despite Vasil Fork News Excitement
Cardano (ADA) fell on July 21 as the market preferred mounting selling pressure on a huge anticipated hard fork around its most stable resistance levels in 2022. Despite the long-awaited Cardano hard fork potentially going live at the end of July, ADA has run out of buyers. ADA price declined 5% intraday to $0.476. The decline was part of a larger retreat that began a day after temporarily climbing its 50-day exponential moving average (50-day EMA; red wave in the chart below) to $0.50.
From October 2021, the 50-day EMA…
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