
Bear Trap or 2021-Style Breakout?
Cardano retraces to $0.70 after a 72% surge, mirroring 2021’s price action. On-chain data shows accumulation, while derivatives traders reduce exposure, signaling market uncertainty. A breakout or bear trap? Short-seller liquidations could trigger a massive price rally. Cardano’s ADA soared 72% in one day, reaching $1.14. Excitement quickly faded as the price dropped back to…