Cardano Rises 4.3% but SuperTrend Flashes Bearish Signal
- —ADA rose 4.3% to trade above $0.22
- —SuperTrend turned bearish; a similar May signal preceded a 46% drop
- —Whales holding 100M-1B ADA kept positions flat for 10 days
- —A daily close below $0.21 could open the door to $0.17
Why it matters: A bearish SuperTrend with idle whales raises the risk of a break below $0.21 and a slide toward $0.17.
Source: CryptoPotato