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3 reasons why Cardano can sink further despite ADA price bouncing 58% -Breaking


Cardano’s ADA price rebounding 58%: 3 Reasons Cardano could sink even further

Cardano (ADAA large portion of weekly losses suffered during the crypto market crash this week was recouped by ).

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.

These top crypto assets recovered in 24 hours. Source: Messari
Cardano’s and TradingView’s correlation. TradingView
Two-day price chart with bearish Elliott Wave setup. Source: Capo of Crypto/TradingView
Daily chart of USD/ADA prices. Source: TradingView