Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3
The latest rally in the (ADA) market has activated a classic bearish pattern that threatens to lower its prices by as much as 15%.
Dubbed as a rising wedge, the textbook pattern forms when the price consolidates between upward sloping resistance and support trendlines. Its occurrence typically prompts a bearish reversal, confirmed by a voluminous break below the lower trendline.
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