🌊 Cardano Holds Steady — Calm Before the Surge?
Cardano ($ADA ) is hovering above $0.560, showing resilience — but can it break out, or is another dip coming?
📉 Recent Movement:
Fell from recent high of $0.590
Bears pulled price below $0.570
Now consolidating above $0.5650 and 100-hour SMA
Bullish trend line holding firm at $0.5640
📈 Resistance to Watch:
🔸 $0.5735 — first challenge
🔸 $0.5820 — key resistance
🔸 Break above $0.590 could launch ADA toward $0.620–$0.635
📉 Downside Risk:
⚠️ If ADA fails at $0.5820, expect a retest of:
$0.5640 (trendline support)
$0.5460 (next key support)
Deeper support at $0.5250 and $0.510
📊 Technical Signals:
MACD: Weak, in the negative zone
RSI: Below 50 — momentum still uncertain
🔍 Outlook:
Cardano is at a crossroads. A clean break above $0.5820–$0.590 could flip the narrative bullish. But failure to hold trendline support might invite more downside.
Keep your eyes on the volume and breakout candles.
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