Cardano Price Nears Bottom

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Cardano price

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Analyst Says Cardano Price Is "Bottoming" After Hitting Two-Year Low

Summary

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61% Informative

Analyst says Cardano price is “bottoming out”, but there are no buy signals.

Analyst Sam Mti noted that the ADA price could be bottoming out on the weekly after hitting a two-year low.

ADA price action seems to be consolidating after hitting the bottom, which is a classic sign of accumulation.

If the accumulation pattern continues, we can expect a breakout above the $ 0.42 level, which could lead to a bullish rally.

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