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Cardano (ADA) Price Crashes 23% Moving in Oversold Territory, Is Bounce Back Coming?

Cardano price has experienced a 23% decline in the past week moving into the oversold territory hinting the possibility of a bounce back to $1.0.

As said the Cardano bears have been holding the upper hand at this point sending the funding rates negative. As a result, this has led to hesitation from the ADA bulls preventing any Cardano price recovery, despite being in the oversold region.

Although the ADA price recovery seems uncertain at this point, bearish traders need to be careful here. Cardano’s liquidation map reveals that over $4.66 million worth of ADA is at risk of liquidation if the price approaches the $0.77 resistance level. 
https://www.coinspeaker.com/cardano-ada-price-crashes-23-moving-oversold-territory-bounce-back-coming/