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Cardano ‘Bull Trap’ Risks Triggering 50% ADA Price Correction
['Yashu Gola', 'Mon', 'August', 'At Am Gmt', 'Min Read']
Yahoo Finance
ADA Bear Flag Risks Breakdown Toward $0.10ADA's recovery appears to be unfolding inside a bear flag, a bearish continuation structure that typically forms after a sharp decline followed by an upward-sloping consolidation.
Cardano's price chart tracking the bear flag breakdown setup.
Applying the height of the preceding May-to-June decline to the potential breakout point produces a downside target near $0.0979.
ADA's weekly price chart tracking the giant bear flag breakdown setup.
Continued weakness could first drag the token back toward the recent lows before the larger bear-flag target near $0.08 comes into focus.