The Cardano price (ADA) recently broke above its long-standing descending channel, closing above the 200-day EMA for the first time in several months. Although the rally has recently slowed around the $0.72-$0.73 level, showing that upward momentum has momentarily cooled, yet the overall technical setup still remains entirely positive.
Despite the recent ongoing consolidation, especially when viewed in the context of profit-taking across the crypto space. This sideways momentum in ADA seems more like a pause than a reversal.
Also, the underlying…
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