The price of Cardano (ADA) remains in a standardization phase after a decrease of more than 25 % over the past thirty days, as it is struggling to restore the threshold of the maximum market of $ 25 billion. Despite the stability marks, the indicators still reflect the continuous declining pressure.
The Cloud Ichimoku setting also indicates that ADA is struggling to build momentum, with prices trading near the main levels but failure to break a crucial higher. However, if the bullish momentum returns, ADA can test the resistance at $ 0.82, with an outbreak that is likely to recover about $ 1.16, which represents a rise of 67 %.
Cardano Bbtrend recovers from its lowest level, but it is still very negative
The Cardano Bbtrend Index is currently -9.4, and a fixed recovery appears from its lowest level from -28 just five days ago. Despite this recovery, the indicator remains in negative lands and is now negative for six consecutive days.
This indicates that although the declining pressure relieves, the Ada has not proven a clear shift in the momentum. Without stronger bullish signals, recovery can stop, while maintaining the movement of prices under pressure.
It measures BBTREND, or Bollinger Band Trend, the strength and direction of the direction using Bollinger ranges. The values without scratch indicate the hybrid conditions, while positive values indicate the upscale momentum.
As Ada Bbtrend continues at -9.4, the market remains in the direction of declining despite the recent improvements. If the indicator continues to rise, it may indicate the reflection of the direction, but as long as it remains negative, the ADA price may be struggled to build a continuous upright momentum.
Ichimoku Cloud Ada is struggling to build momentum
The Cardano Ichimoku Cloud setting reflects a struggling market for momentum, with price trading near the basic line (red line) and the transfer line (blue line).
The late range (green line) is still lower than the price, which enhances that Ada has not yet appeared any strong upward signs. The price often remained less than the cloud, indicating constant weakness, with no clear break over the key levels.
The future cloud (Kumo) remains thin and dirty, with the leading period (the boundaries of the green cloud) below the leading period B (the limits of the red cloud).
The delicate cloud suggests the strength of the weak direction, which means that the ADA price can continue in an insecure pattern. So that the price can collapse over the cloud and keep it, the upscale capabilities are still limited, and the declining momentum may continue.
ADA Prices: Will Cardano December 2024 Uptrend Strong recover?
Cardano (ADA) lines continue to refer to the declining direction, as mobile averages have been placed in the short term under long lines in the long term. This declining setting indicates that unless the momentum turns, Cardano PRICE may extend to a decrease of about $ 0.50.
The constant weakness in the alignment of EMA indicates that sellers still have control, and that failure in stability may cause loss of losses.
However, BBTREND indicates that the declining trend may be a mitigation, which opens the possibility of reflection of the direction. If ADA is able to restore the bullish momentum, this may lead to the level of resistance of $ 0.82, with a way to move to 0.98 dollars.
If ADA managed to recover the good momentum from December 2024, the levels may recover about $ 1.16, which is a possible 67 % rise.
Disintegration
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