Cardano sideways movement

We will most likely see ADAUSDT range between 1.1-1.4 USD fundamentally for the rest of January.
Cardano has been on a downtrend for the past 3-4 months and is looking for another break to the upside.

Reasons
- Highly anticipated launch of Sundaeswap which had some tx issues because of clogged network
- Overall Crypto market in a dip
- Tech stocks first drop since the first covid dump
- Retail traders taking a big hit

Once the market has stabilized and with the release of their first DEX, Cardano could see an uptrend with new ATH.

- Mayo
Bitcoin (Cryptocurrency)cardanoChart PatternsFundamental AnalysissidewaysmovementsundaeswapTrend Analysis

Also on:

Disclaimer