🚀🔥🚀🚀#Cardano ($ADA ) User Growth Explodes Despite Price Slump
Is $ADA Setting the Stage for a Powerful Reversal? 🔁📉🔥🚀🔥🚀
$ADA is currently trading at $0.6015, down 2% in the past 24 hours and 13.4% over the last week. Yet, while the price struggles,
Cardano’s on-chain strength is booming — over 400,000 new wallets have been added in the last 6 months, pushing the total past 5.4 million.
💹 Trading activity stays hot, with 24h volume exceeding $700 million. According to CoinMarketCap, Cardano still ranks 7th in bullish sentiment, with 81% community positivity.
📊 Technical outlook stays cautious:
RSI at 33.39 (near oversold)
MACD, Momentum both negative
10EMA ($0.6324) & 200EMA ($0.7097) above price
Only CCI flashing a buy
📉 Support to watch: $0.60, with next major support at $0.57
📈 Short-term bounce possible to $0.66, but recovery depends on sentiment shift
🔍 Bullish signs to monitor:
Triple bottom pattern forming
Falling wedge structure emerging
If confirmed, targets ahead: $1.00, $1.21, $1.43
ADA bulls must defend $0.60 or risk deeper correction. A strong weekly candle could flip the tide.
