After a significant rise in bitcoin and altcoins, there was a local correction in many coins, one of which was Cardano. From its high, Cardano has corrected by 7%. Volatility is now narrowing, which means that the asset is gaining strength for a new spike! I think that the price could gather stop-losses below the trend line and then go up after that. The best buying opportunity would be to break the local consolidation and retest it as support.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade