Cardano is one of the worst-affected cryptocurrencies in the top ten today, suffering a 7.96% loss against BTC amid the latest red market. Earlier today, news that a Mt Gox Trustee has dumped a further $230 million worth of BCH and BTC surfaced and appears to be one of the main reasons for the current downturn. This has come at a terrible time for Cardano, as the news comes just days after ADA banked a healthy 40% before the weekend.
With crypto traders left shaken and uncertain of where the market will go now over the rest of the week, will ADA continue to slide or will the new roadmap announcement in nine-days time keep bullish sentiment alive? Let’s take a look.
Diving into the ADA/BTC chart over 4hr candles, we can see that Cardano is still tracking nicely inside a bullish falling wedge pattern, with the recent price activity pushing ADA back towards the downtrending resist...
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