Cardano Is Signaling a Possible Correction
Cardano (ADA) is up 4.7% to $1.06550, outperforming the broader market as Bitcoin (BTC) edges down 0.6% to $96,233. In November, ADA has surged an impressive 200.0%, with prices peaking at $1.15460 last Saturday, marking a monthly gain of 239.0%—the most significant performance among the top 50 cryptocurrencies. However, strong overbought conditions are evident. While upside spikes to $1.40000 remain possible, betting on further gains is highly risky without a confirmed correction to $0.80000 to reset the market's momentum.
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