Analysis date: May 12, 2025
Price at publication: $0.8058
Daily change percentage: -1.05%
Highest price today: $0.8466
Lowest price today: $0.7813
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📢 The most important news:
Cardano (ADA) continues to attract attention as it approaches critical resistance areas, amid traders' optimism about upcoming updates on the network.
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📊 Technical analysis:
Current support: $0.7810
Next resistance: $0.8640
RSI (Relative Strength Index): 68 – nearing overbought territory
MACD: still giving a bullish signal but with less momentum than yesterday
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✅ Positive factors and opportunities:
Continued developer interest in updating the network
Increase in trading volume compared to last week
Wide community optimism about the future performance of ADA
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⚠️ Risks:
Technical indicators hint at a possible price correction soon
Strong resistance at the 0.85 levels may hinder the rise
The market is generally in a state of fluctuation and requires careful risk management
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📌 My personal opinion:
For short-term traders:
The price is approaching strong resistance at $0.8640, so it's preferable to wait for a clear breakout with confirmation through high trading volume; at that point, we might see a push towards $0.90 – appropriate stop loss: below $0.78.
For medium to long-term investors:
As long as the price maintains support at $0.78, the current area remains good for gradual accumulation, especially since ADA shows upward momentum and strong consolidation. The best strategy now: divide entry into phases and continuously follow technical and economic news.
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