3 reasons why Cardano can sink further despite ADA price bouncing 58%
Cardano (COM)ADA) pared a big portion of the weekly losses incurred during this week’s crypto market rout.
ADA’s price reached an intraday high of $ 0.60 on May 13, a day after rebounding from its week-to-date low of $ 0.38 – a 58% rally.
The top ten crypto assets’ recovery in the past 24 hours. Source: MessariThe correlation between Cardano and. Source: TradingView two-day price chart featuring bearish Elliott Wave setup. Source: Capo of Crypto / TradingViewADA / USD daily price chart. Source: TradingView