Cardano price risks 30% drop in Q2 despite a ‘major’ hard fork ahead
Cointelegraph
Published Apr 15, 2022 07:38AM ET
Updated Apr 16, 2022 09:40AM ET
Cardano’s (ADA) price risks undergoing a severe correction in the next few months despite touting its blockchain network’s bolstering growth and a “major” hard fork event in June.
ADA, which makes up about 1.75% of the total crypto market capitalization, has been trending lower since September 2021 inside a “descending channel” pattern that has successfully capped its multiple upside attempts, as illustrated in the chart below.
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Written By: Cointelegraph
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