The cryptocurrency market continues to sail in agitated waters, as global economic factors create training effects through digital assets.
Cardano native cryptocurrency, Ada
has demonstrated resilience, forming a V -shaped recovery model after finding a strong support at $ 0.684 with a significant purchase volume during the night, depending on the Technical Analysis model of Coindesk Research. This recovery comes in the middle of a broader uncertainty of the market because investors weigh the impact of the climbing of trade tensions between major economies.
ADA is down 0.45% in the last 24 hours at the time of the press, negotiating $ 0.68, while the wider index of the market gauge 20 fell by 2.1%.
Strengths of technical analysis
- The price action has formed a low -shaped recovery model of $ 0.676 to recover the level of $ 0.697.
- Strong volume support appeared at $ 0.684, with the highest volume of 45.7 million 24 hours.
- Continue potential towards the resistance level of $ 0.702 established during the hours early in the morning.
- Erase the upward trend with higher stockings established at the start of morning hours, where the volume culminated at 1.17 m.
- A substantial volume supported the break greater than $ 0.697.
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