DailySats

Cardano price coils up as ADA edges close to 18% breakout

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FTX:ADAPERP   Cardano Perpetual Futures
1/ Cardano price is coiling up in a symmetrical triangle pattern, suggesting a breakout could occur soon.
2/ Since this technical formation has no inherent bias, ADA could head 18% in either direction. 
3/ On-chain metrics reveal a breakout would favor the bears.
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