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Expert Says Cardano (ADA) Is Warming Up For A Major Rally. Here’s the Chart
A recent analysis by crypto expert Solomon Odunayo suggests that Cardano (ADA) is on the verge of a significant upward movement, with several indicators pointing towards an imminent rally.
As per the data shared by MyCryptoParadise on TradingView, it appears that ADA has established a foundation for a reversal following a week of substantial decline. The altcoin’s price, which had fallen approximately 10% from its local high of $0.73 to around $0.60 between June 10 and June 17, is displaying signs of stabilizing.
The analysis emphasizes the development of an internal change of character (I-CHoCH) after a liquidity sweep below $0.62, implying that bearish momentum is losing steam and paving the way for a shift towards a more constructive market setup.
Source: timestabloid.com
