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The price of Cardano (ADA) is in a downtrend, but is taking an upward correction. On October 25, the cryptocurrency value rallied as it crossed the 21-day line SMA and reached the high of $0.41
Cryptocurrencies are trading in the downtrend zone and have dropped significantly. Many of the cryptocurrencies have reached the oversold region of the market. Perhaps the altcoins are experiencing a respite as buyers are emerging.