Cardano Price Forecast Turns Bearish as Retail Traders Pick This Viral Competitor Surging 32% This Week

Cardano price analysis reveals that the current sentiment around the ADA coin leans towards cautious trading. The ADA coin is near critical support, with technical momentum showing signs of weakness. However, structural setups, like cup-and-handle and symmetry triangles, suggest potential for upside breakout if key resistance is breached. 

Simultaneously, an emerging asset management platform, called Unilabs Finance, steals the spotlight with a massive presale raise of over $7.2 million. This emerging platform’s unique features have made it an investor’s favorite, and some experts call it a Cardano competitor eyeing its growth potential. 

Cardano Price Analysis: ADA Coin Under Bearish Pressure! 

The Cardano price is currently under a bearish takeover, with the ADA coin trading at $0.7720. This Cardano price shows an intraday decline of about 2% and a weekly pullback of about 7%.  

ADA coin’s technical analysis also reveals a highly bearish scenario with the possibility of the Cardano price slumping further. The recent head-and-shoulders structure preceded a pullback from $0.90 to ~$0.78. ADA coin’s drop below the current support could lead to $0.67 mark. 

Momentum indicators show MACD bearish divergence and RSI around 56, signaling cooling buying pressure. These can push the Cardano price to new lows. Open Interest in ADA coin derivatives dropped by $230M, and the long/short ratio indicates growing short sentiment.  

Unilabs Finance Brings Smart Automation to the DeFi Space 

Unilabs Finance (UNIL) is quickly becoming a top pick among market experts and savvy investors. The platform currently offers $30 million in Assets Under Management (AUM) and is focused on using artificial intelligence to simplify crypto trading. 

The protocol offers diverse investment opportunities across the AI, Bitcoin, Real World Assets, and Mining sectors. This could make it easier for investors to find investments that match their goals and boost their chances of massive returns. 

For traders looking beyond Cardano, the AI Market Pulse can scan the market for promising crypto opportunities. It does that by analyzing trends and data, helping users make smarter, faster investment decisions. 

Moreover, Unilabs Finance also features an AI Portfolio Manager that can rebalance a user’s portfolio automatically. For example, if the Cardano price begins to shift, this tool can automatically adjust a user’s holdings to protect profits or limit losses. 

Another powerful feature is the Flash Loan Accelerator. This tool would allow users to borrow funds without needing collateral, helping them take advantage of price differences between exchanges. It’s ideal for boosting profits in DeFi strategies with reduced risk exposure. 

For those chasing high rewards, the Memecoin Identification tool can scan the market to spot meme tokens with strong growth potential. It analyzes factors like social trends and volume spikes, helping users find hidden gems before they go viral. 

Why Smart Investors Are Flocking To Unilabs Finance? 

Unilabs Finance is witnessing strong momentum in its presale. The UNIL token sale has already raised over $7.2 million, with more than 1.2 billion tokens sold, showing strong interest from traders. 

Currently in Stage 5, each UNIL token is priced at $0.0085. The price is expected to increase in the next stage to $0.0097. For a limited time, buyers can use the code ATH50 to receive 50% more tokens, giving them a larger share of rewards on the platform. 

Besides helping users manage assets, Unilabs offers several ways to grow their income. Here’s how investors can boost their earnings: 

• Users can stake their tokens and earn up to 122% APY. 

• Holders can partake in key decisions like new upgrades or feature rollouts. 

• Token holders can also access the premium features, lower transaction fees, and VIP support. 

With its impressive performance and offerings, UNIL is set to be the next breakout token, possibly surpassing the ADA coin. Investors seeking massive returns should join the presale now and maximize their rewards. 

Key Takeaways 

Cardano price seems stuck with bearish predictions surrounding the ADA coin. Recent dips in the Cardano price have left some questioning its short-term momentum. On the other hand, Unilabs Finance is gaining rapid traction with its AI tools, diversified DeFi features, and a presale that is hitting milestones steadily. Smart money traders should capitalize on this ICO phase before the project hits the next leg higher. 

Find out more about the Unilabs (UNIL) Presale Today: 

Website: https://unilabs.finance/ 

Telegram: https://t.me/unilabsofficial