ICYMI: $ADA spiked 5%, which might hint at a potentially upcoming breakout Cardano ADA CardanoADA
, and the asset will enter a prolonged downtrend that we have not seen for almost a year as ADA entered the downtrend at the beginning of September.
For now, ADA has reached the top of the pattern and will trade with extremely low volatility, which is absolutely normal for assets moving inside of a triangle. In addition to decreasing volatility, the trading volume will also remain stale until a breakout or breakdown happens.In addition to the aforementioned pattern, moving averages are closing the distance between each other, which is a direct signal of an upcoming volatility spike.
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