Cardano (ADA) is maintaining its stability despite slipping below $0.75. The market remains indecisive as the price hovers between two key technical levels — the 21-day and 50-day simple moving averages (SMA).
🔹 Technical Outlook: A Crucial Break Is Approaching
Currently trading around $0.756, ADA is caught between its short- and medium-term moving averages. Buyers have repeatedly failed to push the price above the $0.85 resistance level, leading to a gradual loss of momentum. Now, the market is on standby for a clear directional move.
🔸 Bullish scenario: If buyers manage to reclaim the 21-day SMA, Cardano could regain bullish momentum and once again challenge the $0.85 resistance — or even break through it.
🔸 Bearish scenario: If the bears push the price below the 50-day SMA, ADA could slide further down toward the $0.60 support level.
📊 Indicators Reflect Market Uncertainty
On the daily chart, the recent rejection at $0.85 has resulted in the formation of doji candles, signaling indecision between bulls and bears. Price action is now trapped between the 21-day and 50-day SMAs — a neutral zone without a strong trend.
Technical analysis suggests that a significant price move will only come once ADA decisively breaks above or below these moving averages. Until then, sideways consolidation is likely.
📈 Key Levels to Watch
Major resistance zones:
🔹 $1.20
🔹 $1.30
🔹 $1.40
Critical support zones:
🔹 $0.90
🔹 $0.80
🔹 $0.70
🔍 What’s Next for Cardano?
ADA is currently trading in a narrow range, indicating that the market is waiting for a catalyst — whether bullish or bearish. Short-term direction will depend on whether the price breaks above the 21-day SMA or slips below the 50-day SMA.
For traders and investors, it’s a moment to watch closely and prepare for a potential breakout.
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