Can Cardano (ADA) Price Break Its February Slump Record with a 90% Breakout Pattern?
Show original
According to a report by Bijie Network: Cardano opened February with a 5.48% increase, but the upward momentum has weakened, with a 4% decline over the past week. Historically, February has been a weak month for ADA, with a median return of -9.50%. However, a bullish technical pattern—a falling wedge—formed since October suggests that if buying pressure increases, ADA could still see a 90% breakout to the upside, even though current spot market demand remains insufficient.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$83,879.72
-6.58%
Ethereum
ETH
$2,805.21
-7.05%
Tether USDt
USDT
$0.9985
-0.03%
BNB
BNB
$863.65
-4.34%
XRP
XRP
$1.8
-6.04%
USDC
USDC
$0.9997
-0.01%
Solana
SOL
$117.11
-7.08%
TRON
TRX
$0.2912
-0.67%
Dogecoin
DOGE
$0.1155
-7.41%
Cardano
ADA
$0.3319
-7.21%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now