Ada de Cardano
The token is struggling to maintain an upward dynamic, sliding at $ 0.5965 despite signs of support for the psychological threshold of $ 0.60, according to the Technical Analysis model of Coindesk Research.
An earlier price action has suggested a bullish reversal scheme, including potential triple background training, but the failure of $ 0.60 highlights the continuous weakness of the market.
What stands out is the sharp increase in the volume of negotiation 24 hours a day, which increased by 30% above its 7 -day mobile average – a sign of increased market engagement. Although short -term price action remains down, increasing activity combined with a reduction in exchange Netflows could indicate that ADA holders move to long -term storage.
With more than 2,000 decentralized applications and 10.8 million native tokens deployed on the Cardano network, some traders position themselves for a potential rebound if the wider market stabilizes.
Strengths of technical analysis
- ADA exchanged between $ 0.589 and $ 0.612 over the period 24 hours a day, a range of 3.9%.
- After testing the support at $ 0.590, the purchase of pressure pushed the price almost $ 0.609, followed by a consolidation between $ 0.597 and $ 0.603.
- The last time candle closed at $ 0.5965, confirming a break less than $ 0.60 without immediate rebound.
- The upward trend structure of upper stockings has been disrupted, weakening the bullish momentum.
- A 30% increase in 24 -hour trading volume suggests high participation, although short -term feeling remains fragile.
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