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Cardano Price Gearing Up for a 25% Bounce After Crypto Crash and HUH Token Launches
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Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Cardano's price is consolidating following a swift recovery from the cryptocurrency flash crash on December 4. Meanwhile, new cryptocurrency HUH Token has launched on PancakeSwap.
Cardano’s price seems to be building bullish support at current levels. Additionally, on-chain metrics for Cardano (ADA) indicate that this move is feasible.
Cardano's price fell 32% between December 2 and December 4, but recovered above the USD 1.192 support level. This retest enabled ADA to recover 15% to its current price around USD 1.28
This decline follows a 12-week fall in Cardano's price, meaning that ADA is now heavily oversold. As a result, it’s possible ADA could establish
Read more on cryptonews.comAbout this in other media
Cardano, Shiba Inu, IOTA Price Analysis: 15 December ambcrypto.com /2 years ago
Cardano: ADA price eyes 30% rally with a potential 'triple bottom' setup cointelegraph.com /2 years ago
Crypto Market Sentiment Drops Again, Bitcoin Out of Positive Zone cryptonews.com /2 years ago
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