{"id":12346,"date":"2022-07-21T16:51:35","date_gmt":"2022-07-21T16:51:35","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/sell-the-news-cardano-price-risks-20-drop-despite-vasil-hard-fork-euphoria\/"},"modified":"2022-07-21T16:51:37","modified_gmt":"2022-07-21T16:51:37","slug":"sell-the-news-cardano-price-risks-20-drop-despite-vasil-hard-fork-euphoria","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/sell-the-news-cardano-price-risks-20-drop-despite-vasil-hard-fork-euphoria\/","title":{"rendered":"Sell the news? Cardano price risks 20% drop despite Vasil hard fork euphoria"},"content":{"rendered":"
Cardano (ADA) has dipped this July 21 as the market favors mounting selling pressure around its most reliable resistance levels in 2022 over a major upcoming\u00a0hard fork.<\/p>\n
ADA’s price fell 5% intraday to $0.476. The downside move came as a part of a broader retreat that started a day after it briefly climbed above its 50-day exponential moving average (50-day EMA; the red wave in the chart below) near $0.50.<\/p>\n
The 50-day EMA has been serving as ADA’s curvy resistance level since October 2021.\u00a0<\/p>\n