The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs). Cardano Price Breaks Below EMAs To Open Up Bearish Scenario As noted by a crypto analyst (SwallowAcademy) on the TradingView platform, Cardano started the week with four consecutive bearish candles on the 4-hour timeframe, leading to a…
