How Lower Top Formation Puts Cardano Price at Risk of Losing $0.5 Support

Amid a recent upswing in the crypto market, the Cardano price showed a notable reversal from the 100-day EMA slope at $0.57. This positive turnaround uplifted the coin value to 20% within a week to hit a high of $0.683. However, overhead supply at this barrier hints the traders are selling at a bullish swing which promotes the formation of bearish reversal patterns.