Bitcoin’s bounce from its low timeframe range lows has dragged the market upward in the past couple of days. Avalanche posted a strong recovery from its performance earlier this month when it saw some accumulation occur in the $80 region. Cardano formed a triangle pattern and could begin to move upward, following the market’s trend in the past two days. The Sandbox faced strong resistance at $5.3.
Source: ADA/USDT on TradingView
The $1.2 support level has been tested multiple times over the past two weeks. Along with the support, the price also made a series of lower highs and the price has not yet broken above the trendline resistance. This triangle pattern could see an ADA breakout in either direction, likely following Bitcoin.
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