Cardano (ADA) is currently trading at $ 0.6015, a decrease of 2 % over the past 24 hours. Although the price has decreased recently, Carshano still appears impressive Growth on the chain. She now has more than 5.4 million governorates, with the addition of 100,000 new portfolios in the last 60 days.
Market activity is still strong
The data from Taptools shows that within a little more than 6 months, Cardano has added more than 400,000 new portfolios. In addition, the 24 -hour trading volume exceeded 700 million dollars. Coinmarketcap classifies the feelings of the Cardano community as the seventh most difficult, with more than 81 % of positivity.
It is still under pressure
However, his last work is still in a declining direction. Cardano fell 13.4 % last week, fell from more than $ 0.70 on June 12 to about $ 0.60 today.
Most of the neutral technical signals: RSI at 33.39, close to the sale, MACD and negative momentum. CCI is the only indicator that is flashing a clear purchase. The main moving averages, such as EMA for 10 days (0.6324 dollars) and 200 days EMA ($ 0.7097), are higher than the current price, which indicates a strong drop direction.
Support at $ 0.60 is very important
Also, Cardano holders are spending. If ADA decreases to less than $ 0.60, the following main support lies at $ 0.57. Short -term can bounce to $ 0.66 if support persists, but a feeling of constant recovery is needed.
Ada also faces strong resistance between 0.75 – 0.78 dollars, an area that failed to break the previous marches. Unless he recovered $ 0.62 and pays about $ 0.70, there is more risk than the negative side.
Signs of upscale reflection?
On the brighter side, modern analysis It refers to the formation of a possible triple bottom at the current levels, which is a classic rise pattern. ADA is also traded within the fall of the fall, which often leads to escape. If ADA bears this level and form a strong weekend candle, you may gain momentum. The main ups of the ups that must be seen are $ 1.00, $ 1.21 and $ 1.43.
