Cardano (ADA) is under pressure, decreased by 4 % in the past 24 hours and about 10 % during the past week, with the daily trading volume decreased by 15 % to 869 million dollars. The decrease in price and activity comes as many main standards indicate the weakening of momentum and growing uncertainty.
From the declining BBTREND to the activity of the flying whale and the threat of death of death that waves on the horizon on EMA lines, ADA faces a critical period. Whether he can obtain support, restore strength or continue to slip, it will probably depend on market morale near the market and wider encryption conditions.
Ada refers to weakness with BBTREND decrease below zero
BBTRand from Cardano has turned into negative, where he was currently sitting -2.43 after spending nearly five days in a positive area.
Between May 11 and May 16, the index remained higher than scratch, until it reached its highest level on 17.34 on May 12.
This shift indicates that the recent upward momentum has faded, and the original may enter a new stage of weakness or monotheism.
BBTRIND (Bollinger Band Trend) measures the strength of the price away from its average for volatility, providing an insight into the strength and direction of directions.
Values are usually higher than zero to the upscale momentum, while the values of zero indicate an increase in the decline pressure. With ADA now shows BBTRand from -2.43, it indicates a possible transformation towards negative bias.
If this negative trend continues, this may lead to poor prices or recession until the new purchase benefit returns.
Cardano whale is cooled after a short -lived rise
The number of headlines of the Kardano whale – the governorates that enjoy between one million and 10 million ADA – have not noticeable fluctuations during the past few days. On May 13, this number decreased to 2406, which represents one of the lowest points last month.
A sharp recovery on May 14, where the whale governor jumps to 2430, indicating a brief renewed interest among adult holders.
However, this height did not withstand, as the number decreased again over the next two days, and now settled in 2,425. The fluctuations highlight the lack of condemnation between the main players, with no constant accumulation and no fixed distribution.
Whale’s monitoring is important because these big investors can push the main price movements due to the size of their property.
The number of growing whale generally indicates accumulation, indicating long -term confidence and possibly support for rising price movement. On the contrary, the decline or recession in the whales numbers often indicates frequency or sale, which can weigh price momentum.
As the current number continues less than peak levels and instability, Cardano may struggle to build a strong upward bullish momentum unless the accumulation resumes more decisively.
Cardano is at risk of death through the main support levels
Cardano’s EMA structure shows early weakness, as the short-term averages began to decrease towards that long-term-a preparation that can soon lead to the death of death.
This landmark often indicates the beginning of a deeper direction. If this is confirmed, Cardano Price may test the support level at $ 0.729.
A break below can open the door for more losses about $ 0.68, and in a more aggressive sale, prices may decrease to $ 0.642.
However, if the current momentum transformations and regain control, ADA has an opportunity to reflect the path.
The first main goal is to break the resistance of $ 0.781. If this level is scanned, Cardano can collect about $ 0.841, and in a stronger upward step, up to $ 0.86.
Disintegration
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