The Cardano price has rallied significantly over the past week and secured more than a 24% gain. Over the last 24 hours, the coin slipped 2%, indicating that it could not sustain its weekly gains. Following a significant price increase, the technical outlook indicates that the altcoin’s price will trend lower. This correction might continue over the subsequent trading sessions; however, the ADA daily chart has pointed towards a bullish pattern. This translates to the reading that ADA could attempt to rise on its chart after a brief retracement. Related Reading: Will Solana Price Continue To Surge After The Explosive Price Rally? As Bitcoin continues to post appreciation in the last 24 hours, many altcoins are attempting to rise on their charts, but some altcoins are also struggling under their crucial resistance levels. The accumulation of Cardano took a dip on the daily chart, indicating a fall in demand for the altcoin. This fall in demand is a result of the Cardano price correcting itself. Despite a fall in demand, buyers continued to have the upper hand. The ma ..
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