🔶️Cardano ($ADA ) Market Update 🚀
Cardano has jumped 12% this week, crossing $0.70 for the first time since March! 🔥 But wait — technical indicators show momentum may be fading.
📉 BBTrend Indicator: Dropped to 7.55, signaling slowing price expansion.
📊 DMI (Directional Movement Index): Trend strength weakening, with ADX at 17.14.
📈 EMA Lines: Still bullish, but ADA is now testing key support at $0.69.
🔍 Key Levels:
Support: If $0.69 fails, next downside targets are $0.63 and $0.609.
Resistance: A breakout above $0.746 could push ADA to $0.77.
🌀 Market sentiment remains mixed, suggesting potential sideways movement unless bulls or bears take clear control.
⚠️ Traders — Stay alert! Market volatility is rising, and strong research is your best tool!
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