Trader Known for Calling 2022 Bitcoin Crash Says Cardano (ADA) and Mid-Cap Altcoin Primed for Another Leg Down
— Primed, Support, Trader, Calling, Daily, Hodl, Twitter, Digital, Midcap, Cardano — 1 min read
Analyst who called this year’s Bitcoin (BTC) collapse is predicting more corrections for Cardano (ADA) and mid-cap altcoin Cronos (CRO) Cardano's support around $0.44 is about to cave in after six touches in less than two months. Cronos, the cryptocurrency that powers the Crypto.com payment, trading and financial services platform, has broken down from its horizontal and diagonal support levels. The analyst is also issuing a general warning to crypto market participants, positing that fresh inflation data could drive digital assets to new 2022 lows. New CPI data is scheduled for release on June 13th and traders keep a close watch on the CPI as high inflation numbers could signal that the Federal Reserve might introduce a fresh round of interest rate hikes Source