Cardano Flashes Sell Signal as SuperTrend Turns Bearish
Photo: DailyCoin
Cardano (ADA) price is flashing a technical warning. Analyst Ali Martinez a.k.a Ali Charts notes that ADA’s SuperTrend indicator has flipped bearish while large whale holdings have remained flat, leaving the token testing a critical support zone near $0.21. SuperTrend Flips After Earlier Pattern That Led to a 46% Drop The daily chart shows Cardano’s (ADA) SuperTrend turning negative. The last comparable signal appeared on May 22 and was followed by a 46% correction. https://twitter.com/alicharts/status/2112523863976255924 While history does not have to repeat, the alignment of the indicator with recent price action has drawn attention.
Source: DailyCoin
