Cardano (ADA) faces intense pressure for sale, as it decreased about 10 % in the past 24 hours and about 29 % during the past week. Since its insertion in the American Strategic Crypting Reserve, ADA has decreased by 39 %, struggling to restore the upscale momentum.
Indicators such as BBTREND and DMI show that homosexuality feelings are still strong, as sellers are still controlling. If the current declining direction continues, ADA can test the main support levels, but the reflection can pushed it back towards the main resistance areas.
Ada Bbtrend shows that the pressure pressure is increasingly powerful
The Cardano Bbtrend Index is currently -19.52, and has continued to decline since yesterday. Earlier this month, from March 5 to March 8, BBTRand remained positive, reaching a peak 31 on March 6.
This transformation from positivity to negative lands indicates weakening the upward trend, while increasing the negative side pressure on the ADA price. Traders are now monitoring whether this decline is continuing or if ADA can regain momentum.
BBTREND, or Bollinger Band Trend, is an indicator that measures price trends based on Bollegerer. It shows whether the assets are in a strong, upward or dumping stage. When BBTrend is positive, it indicates a strong upward momentum, while negative values indicate an increase in the pressure pressure.
With the presence of ADA BBTREND now in -9.52, it indicates an increase in homosexuality, indicating that the price may continue to decrease unless buyers enter. If the declining direction continues, ADA may test the main support levels in the coming days.
Cardano DMI shows that sellers still control
The Cardano Movement Est (DMI) movement plan explains that the average trend index (ADX) rose to 34.5, up from 26.6 yesterday. This increase indicates that the current trend of ADA – be it bullish or down – is gaining strength.
Given that the ADA is in the downtown direction, the increased ADX indicates that the sale pressure is intensifying, making it difficult for the price to be reversed in the short term.
ADX measures the strength of the direction on a scale from 0 to 100, with values above 25 indicates a strong direction and above 50 indicating a very strong direction.
Meanwhile, Ada’s +Di (the positive trend index) rose to 12 from 9.6 yesterday, but it decreased slightly from 13.8 hours ago, indicating weak emerging attempts.
At the same time, the -di (the negative trend index) is 29 years, less than 32.3 yesterday, but it rises from 25.2 a few hours ago.
This indicates that although sellers are still controlling the direction, some short -term retreats occur. If -Di remains dominant and ADX continues to height, ADA’s downward trend may extend further.
Will Cardano decrease to less than $ 0.60?
Cardano Ema lines indicate that the potential death cross can be formed soon, indicating a declining momentum.
The death cross occurs when EMA crosses in the short term to less than EMA in the long run, and it often increases the pressure pressure.
If this landmark occurs, Ada Price may decrease further, as the support level is $ 0.58 is a major area for watching it. The collapse below this level can lead to deeper losses.
However, if buyers regain control and ADA can reflect its direction, the price may rise towards the resistance level 0.818 dollars. The collapse above may open the door for more gains about $ 1.02 and up to $ 1.17 in case of enhancement of momentum.
Disintegration
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