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An interesting situation is developing on the daily timeframe of the ADA token. In mid-March, the altcoin broke out of the downtrend in which it had been since September 2021. Despite this, the cryptocurrency price continued to decline in April and May amid a drop in the value of bitcoin. In May, the ADA rate fell to $0,4 for the first time since February 2021.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.

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