ADA review dated 17.05.2022

17.05.2022

2155

1 min

Cardano

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.