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ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal

CoinGape LogoCoinGape9h ago

ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal - CoinGape

Quick Summary:

The Cardano price is showing bullish signals as analysts identify a potential double-bottom pattern on its weekly chart.

This technical formation typically indicates strong support and suggests a potential reversal from the prolonged bearish trend.

This pattern is often associated with a reversal, where a downward-sloping trendline meets a narrowing support base before an eventual breakout to the upside.

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ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal - CoinGape (Picture 1)ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal - CoinGape (Picture 2)ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal - CoinGape (Picture 3)

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 20:14:15 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27157908

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 28 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal" has 486 words across 37 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "ADA Bulls Target $1 as Cardano Price Double Bottom Pattern Hints at Reversal" was covered 9 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 28 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #27157908
  • URL: https://chronographically.beamstart.com/news/ada-bulls-target-1-as-17423288743071

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