The price of Cardano (ADA) has done incredibly well over the last year. The current price of ADA has been range-bound between $1.00 and $1.50 more or less (over the last 2 months). With Bitcoin pulling back, the price of Cardano has naturally pulled back to the bottom of our range, but our long-term perspective has not changed. We talk about the general downside risk even in a bull market and discuss the implications of a pullback by Bitcoin to the 20W SMA. TA Video by Benjamin Cowen.
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