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2024-06-09 18:25:02

Cardano (ADA) Approaches Critical Support Level: Potential Bullish Reversal Ahead

Cardano (ADA) has reached a significant weekly support level, attracting potential buyer interest to prevent further price drops. ADA’s price has been in a prolonged decline, but it recently hit the weekly SMA 50 at $0.433—a historically critical support point since October 2023. Key investor groups hold substantial amounts of ADA, which could influence a

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