Cardano<\/a> dipped below the $0.50 support level over the past few hours. A decisive close below such a vital demand zone will put ADA at risk of a 50% correction toward $0.25. This pessimistic\u00a0outlook derives from the formation of a bear pennant pattern on its 12-hour chart<\/a>.\u00a0<\/p>\n

Cardano would have to claim $0.55 as support for a chance of invalidating the bearish thesis, which appears like a challenging tasks due to the low trading volumes in the cryptocurrency market.\u00a0<\/p>\n

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<\/iframe><\/p>\n<\/div>\n\u00a0<\/p>\n<\/p><\/div>\n \n <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/breaking-cardano-has-dipped-below-050-increasing-the-risk-for-a-50-correction-202205260555\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Cardano dipped below the $0.50 support level over the past few hours. A decisive close below such a vital demand zone will put ADA at risk of a 50% correction toward $0.25. This pessimistic\u00a0outlook derives from the formation of a bear pennant pattern on its 12-hour chart.\u00a0 ADA 12-hour chart Cardano would have to claim […]<\/p>\n","protected":false},"author":1,"featured_media":21461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[143,1348,6336,4817,254],"class_list":{"0":"post-27221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cardano","8":"tag-cardano","9":"tag-correction","10":"tag-dipped","11":"tag-increasing","12":"tag-risk"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/27221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=27221"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/27221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/21461"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=27221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=27221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=27221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}