After a rapid growth following a full cup and handle pattern mattress, Cardano grew as sharply as expected. Following the negative fundamental news that caused a TVL 18% decrease, Cardano left the ascending channel and is expected to return to the top of cup.
Some of the negative macroeconomic news is as follows:
1-CHINA REPORTS 8,655 NEW CORONAVIRUS CASES, BIGGEST ONE-DAY INCREASE ON RECORD
2-ECB PRESIDENT LAGARDE: EUROPE IS ENTERING A DIFFICULT PHASE
3-FRANCE INFLATION JUMPS TO 5.1% IN MARCH, HIGHEST LEVEL ON RECORD
4-U.S. CORE PCE INFLATION JUMPS 5.4% IN FEBRUARY, LARGEST ANNUAL INCREASE SINCE 1983
5-EUROPEAN STOCKS SUFFER FIRST LOSING QUARTER IN TWO YEARS AS RUSSIA-UKRAINE WAR, INFLATION FEARS RATTLE SENTIMENT