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 (ADAThis week’s cryptocurrency market turmoil saw a large percentage of the weekly losses bereft 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.

In the last 24 hours, top 10 crypto assets have recovered. Source: Messari

Cardano-. TradingView

Two-day price chart with bearish Elliott Wave setup. Source: Capo of Crypto/TradingView

Daily price chart for USD/ADA Source: TradingView