Cardano price in phenomenal buying zone as ADA targets $3 – FXStreet

FXStreet Team FXStreet Team
FXStreet

A brief technical and on-chain analysis on Cardano price. Here, FXStreet's analysts evaluate different patterns and indicators that suggest ADA is primed to advance further.
 

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Bitcoin price has been extremely boring for the last few days, stifling the performance of Ethereum and Ripple as well. However, things could take a quick turn if the big crypto sees some much-needed volatility.
Shiba Inu developers are working on exciting developments in the ecosystem in Shibarium, TREAT and SHI. Shytoshi Kusama addressed the ShibArmy and alleviated their concerns about the new stablecoin.
Dogecoin (DOGE) price is facing another batch of headwinds as a cryptocurrency service provider collapses and files for bankruptcy in the US. This event comes days after Terra’s LUNA was set to wobble for a second time.
Cardano (ADA) price is trading on Wednesday’s European morning in a pattern many bullish traders have been waiting for. The breakout above a technical bearish element could trigger some gains.
Bitcoin price ended Q2 with a -56% return, which is the first in its 11-year history. On-chain metrics hint at bottom formation but technicals reveal more room to the downside. Bitcoin price has finished the first half of 2022 and things are not looking good. With record negative returns, BTC is likely to continue heading lower, especially if one particular support level is breached. 
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