Cardano is trading at 0.74 USD, down 1% as the deadline for the SEC’s ADA ETF decision approaches. This uncertainty is leading to bearish sentiment among traders.
A triangle pattern is forming, raising concerns over a potential price crash. The ADA must hold above 0.72 USD to avoid further drops to 0.64 USD support.
If Cardano closes above 0.84 USD, it might surge to 1.12 USD. However, the declining funding rate indicates a loss of optimism in the market.
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