{"id":17936,"date":"2022-05-26T07:07:38","date_gmt":"2022-05-26T07:07:38","guid":{"rendered":"https:\/\/egrowonline.com\/?p=17936"},"modified":"2022-05-26T07:07:38","modified_gmt":"2022-05-26T07:07:38","slug":"cardano-has-dipped-below-0-50-increasing-the-risk-for-a-50-correction","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=17936","title":{"rendered":"Cardano has dipped below $0.50, increasing the risk for a 50% correction"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/what-is-cardano-ada-beginners-guide-202106070903\" rel=\"noopener\">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 <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" rel=\"noopener\">chart<\/a>.\u00a0<\/p>\n<p><b><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ADAUSD_2022-05-26_08-00-21-637891416645317338.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"Cardano price chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ADAUSD_2022-05-26_08-00-21-637891416645317338.png\" style=\"width: 687px;height: 371px\" \/><\/a><\/b><\/p>\n<p><small>ADA 12-hour chart<\/small><\/p>\n<p>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<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Cardano price builds up momentum before triggering an ascent to $0.67\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/mwVeCq6bdOs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><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":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[266,679,8477,249,1500],"class_list":["post-17936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-cardano","tag-correction","tag-dipped","tag-increasing","tag-risk"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/breaking-news_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17936"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17936\/revisions"}],"predecessor-version":[{"id":17938,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17936\/revisions\/17938"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/17937"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17936"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}