Cardano Price Resistance Hints 12% Drop as Network Upgrade Nears
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Cardano's price has been on a downward trend for the past couple of weeks, driven by bearish market conditions. Despite this, the community remains hopeful about the upcoming Chang hard fork upgrade, which is being used to generate excitement around ADA's price.
However, a closer look at Cardano’s technical analysis reveals a bearish reversal pattern, indicating that the price might drop further, potentially by 12%. This conflicting scenario shows that while upgrades and community optimism are strong, market conditions can still dictate downward movements.
Source: coingape.com ↗
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