Cardano [ADA] Battles Bearish Trend: Will Near-Term Volatility Fuel a Bullish Breakout?

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10 months ago bitnews

Cardano (ADA) continues to face challenges as it slips below the 200-day Exponential Moving Average (EMA), though short-term fluctuations may offer buying opportunities. Funding rates for ADA have improved, indicating a reduction in selling pressure. The Crypto Fear & Greed Index has fallen into the ‘Extreme Fear’ zone, reflecting deteriorating sentiment for Cardano. Discover the