Three Cardano indicators are currently showing a potential 35% crash for ADA by December. The indicators suggest that the cryptocurrency may experience a significant decline in value in the coming months.
Cardano, a popular cryptocurrency known for its focus on sustainability and scalability, has been experiencing some turbulence in recent weeks. The first indicator showing a potential crash is the Relative Strength Index (RSI), which is currently at a high level. This suggests that the cryptocurrency may be overbought and due for a correction.
The second indicator is the Moving Average Convergence Divergence (MACD), which is also signaling a bearish trend for ADA. This indicator measures the momentum of a cryptocurrency and is currently showing a negative divergence, indicating that the price of ADA may be heading lower in the near future.
Finally, the third indicator is the Fibonacci retracement levels, which are showing key support levels for ADA. If the cryptocurrency breaks below these levels, it could signal a further decline in price.
Overall, these indicators are pointing towards a potential 35% crash for Cardano by December. Investors should proceed with caution and closely monitor the market trends to make informed decisions about their investments in ADA.