Cardano (ADA) increased by 60 % yesterday after Donald Trump announced that ADA will be included in the US Crypto Reserve, which prompted its price to more than $ 1.10. This huge gathering is a strong bullish momentum, with major indicators such as BBTREND and DMI emphasizes the strength of the upward trend.
However, the excitement appears to fade, as ADA has since been corrected less than one dollar, with technical signals increased to increase the pressure pressure. Since traders evaluate whether ADA can maintain its gains or enter a deeper decline, the main support and resistance levels will be crucial in determining the next step.
Cardano Bbtrend explains that the pressure pressure is increasingly powerful
Cardano witnessed a strong price increase after officially included in the US Crypto Reserve. This sudden increase in the request pushed the BBTREND Ada from a deep negative -14.5 to 7.1 within a few hours, indicating a transformation in the momentum.
BBTREND, an indicator of fluctuations and follow -up to the bollinger ranges, helps traders in measuring the strength and direction of price movements.
When BBTRand crosses over zero, it indicates a bullish direction, while reading below indicates a downtling momentum. Extreme values, like below -10 or above 10, usually indicate excessive moves that may be corrected soon.
After its climax at 7.1, the BBTREND of Ada has been unlike the time, as it has returned to -13.4, indicating that the initial excitement surrounding it in the American encryption reserves has faded.
This rapid decline indicates that the upscale momentum has weakened significantly, and Ada may now face a period of decline or monotheism.
This depression is usually in line with this depression with strong sale pressure, which may mean more from the negative side unless fresh purchase interests appear. If ADA fails to obtain the main support levels, its price may continue to slip, although the reflection in BBTREND again towards neutral lands will indicate stability.
Ada DMI explains that buyers are still controlling
Cardano has seen a significant increase in trend, as shown by the DMI movement. The average trend index (ADX), which measures the strength of the trend, rose from 28.3 to 43.7 after the announcement of ADA in the American encryption reserve.
The increased ADX above 25 indicates that the trend acquires strength, while values that exceed 40 usually indicate a strong and sustainable movement, whether bullish or declining.
ADX does not indicate the direction of the direction but rather, which makes it a major measure to assess whether the step has the ability to continue or weak.
Besides, the Ada’s +Di (the positive trend index) decreased from its height 66.5 yesterday to 41, indicating that the upscale momentum had been cooled. Meanwhile, the -di (the negative trend index) rose from 4.7 to 14.1, indicating that the sellers began to return.
The combination of ADX high indicates a decrease in +Di and RISING -DI that although the trend is still strong, the upholial domination fades, and the pressure pressure increases. If this trend continues, ADA may face a deeper decline or shift towards monotheism unless buyers regain control.
Cardano may decrease to less than $ 0.80 soon
Yesterday, the price of Cardano increased by 60 % huge after being included in the American Crypto Reserve, and pushed it over $ 1.10.
However, a correction occurred in the past few hours, as ADA returned to one dollar level where the initial frenzy fades.
DMI and BBTRand technical indicators indicate that the upward trend may lose momentum, which provokes the possibility of a deeper decline. If ADA fails to maintain their current levels and intensify sale pressure, it can test the support level of $ 0.90.
This collapse may open the door for more declines to $ 0.81 and $ 0.65, with a strong, strong trend that is likely to lead ADA to $ 0.50.
On the other hand, if the bullish momentum is due to the price of Cardano to be the highest payment, then test the resistance level of $ 1.16.
The collapse above this area indicates a renewed force, which is likely to lead the price to $ 1.32, which will cause its highest levels since early December 2024.
Whether ADA maintains its upward path or continues to withdraw it will depend on how merchants interact with the increase in modern prices and whether the new purchase can exceed the emerging pressure pressure.
Disintegration
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