#تحليل Cardano ( $ADA ): Short-term volatility with hopes for future rise
Cardano ( $ADA ) is currently experiencing a slight price decline, having dropped from a level of $0.77 to around $0.75 in recent hours. The coin seems to have failed to break the resistance level at $0.7754, leading to a downward price correction.
- Strong investment flows into digital assets: Although Bitcoin captured most of the investment flows ($2.9 billion), the altcoin market is seeing increased interest
- Divergent price forecasts: Some analysts predict a potential drop to $0.69 according to Bollinger Bands analysis, while others see the possibility of the price rising to $0.84 if the $0.77 level is broken
- Probability of ETF approval: Hopes are growing regarding a potential approval of the Grayscale Cardano ETF, which could push the price to higher levels
- Short term: The coin is in a slight downward trend after failing to break the $0.7754 level
- Medium term: Cardano achieved an 11% increase during May, indicating relative strength
- Key support levels: $0.72 represents an important support level, and not breaking it may maintain the upward trend
If Cardano can surpass the current resistance level of $0.77, we may see a test of the $0.84 level. With strong investment flows continuing in the cryptocurrency market, Cardano may benefit from this positive momentum in the medium term.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice.
