- summary:
- Cardano Price has recovered $ 0.680, but the technical and secret sign indicates a basic weakness that could delay the transition to $ 0.70.
Cardano Price returned to the upward trend on Monday, as it re -tested $ 0.680, but staying in a wider drop -off direction. The currency was at $ 0.686 at the time of writing this report, an increase of 1.4 % on the daily chart, but by 2.46 % on the weekly time frame. Despite the gains registered by ADA PRICE on the daily chart, the trading volume decreased by 29 % in the past 24 hours, indicating a decrease in the appetite for purchase.
The broader encryption market is usually in a low momentum of the upwards after Bitcoin moved towards the six region numbers near the $ 98,000 mark. Since then, the Crypto Bellweether market has broken the support of $ 95,000, which raised the possibility of an extended declining trend.
Cardano Price lacks influencing assets, and its path is likely to depend on Bitcoin’s performance. The issue of the landfill is also supported by a 2.5 % decrease in currency open interest contracts to $ 355 million during the past 24 hours.
On the daily chart, the ADA PRICE RSI price is 51 on the daily chart, and the average trend index (ADX) in 19 years. These indicators indicate a decisive momentum, which provokes the possibility that the currency follows the side track. Meanwhile, the immediate resistance is likely to come at $ 0.700.
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Cardano prediction
Cardano PRICE PIVOT MARK is $ 0.679, and the procedure above this level prefers to be in control. The currency is likely to meet the initial resistance at $ 0.690, but the strongest bullish momentum will violate this barrier and potentially test $ 0.700.
On the negative side, the ADA price momentum is likely to prefer if it decreases to less than $ 0.679. This first support is likely to witness at $ 0.673. The collapse under this level will nullify the bullish direction. Also, such a step can enhance negative momentum and send the currency to the second support at $ 0.665.
