Cryptocurrency News

Sell the news? Cardano price risks 20% drop despite Vasil hard fork euphoria

07/21/2022

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2022.07.21 23:41

Sell the news? Cardano price risks 20% drop despite Vasil hard fork euphoria

Cardano (ADA) has dipped this July 21 as the market favors mounting selling pressure around its most reliable resistance levels in 2022 over a major upcoming hard fork.

ADA’s price fell 5% intraday to $0.476. The downside move came as a part of a broader retreat that started a day after it briefly climbed above its 50-day exponential moving average (50-day EMA; the red wave in the chart below) near $0.50.

2018 fractal suggests $0.20 per ADA

07/21/2022

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