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Cardano Price Prediction-November 28th, 2021
Cardano’s price is on the verge of plummeting even more to $1.26 as the Ethereum-killer struggles to gain traction.
According to the prevailing technical trend, ADA might drop by 15%.
The bulls may struggle if they do not receive substantial backing.
Cardano’s price is on the verge of falling further as ADA fails to acquire critical footholds. As the Ethereum killer fails to find customers in the market, the ruling technical pattern predicts a gloomy projection of a 15% drop.
Cardano’s price is expected to retest $1.26.
Cardano’s price has fallen below the declining parallel channel that has been in place since September 12, suggesting that additional losses are on the way. If ADA is unable to locate critical support to prevent further collapse, the current chart pattern forecasts a 25% drop toward $1.26.
Cardano’s price has dropped 13 percent since falling below the bottom border of the parallel channel on November 24 at $1.72, setting a new swing low at $1.48.
The nearest line of defense for Cardano looks to be the July 10 high of $1.37.
If Cardano price fails to remain above the aforementioned footing, ADA may fall toward the bearish objective of $1.26, where…
