Here’s how Cardano can break away from its bearish shackles
Cardano has been in a constant downtrend since early-September and has struggled to recover lost ground even during broader market rallies. The last rally was observed between 5-10 November, although bulls were unable to clear the 38.2% Fibonacci level. Over the near-term, ADA could continue its consolidation and expect traders to shift back to long positions once ADA closes above $2.30. At the time of writing, ADA traded at $2.06, up by 1.2% over the last 24 hours. Cardano Daily Chart Source: ADA/USD, TradingView A look at ADA’s On Balance