"Cardano(ADA)"
- Current Price:-) $0.73-$0.761727
- Market Capitalization:-) $22.24 billion
- Percent Change:-) 13.74%
'Technical Indicators'
- Relative Strength Index (RSI):-) 47, reflecting a struggle to regain bullish momentum.
- Moving Average Convergence/Divergence (MACD):-) Rallying from the zero line towards the green bars, suggesting shifting momentum.
- Triple Bottom Formation:-) Signals strong demand at the $0.5 support level, potentially leading to a price reversal or breakout.
- Support Level:-) $0.5, a key level that could determine the direction of ADA's price movement
- Resistance Level:-) $0.74-$0.80, breaking above which could lead to a new local high.
'My Price Price Prediction'
- Short-term Target:-) $0.80-$0.84, potentially reaching $1.32 if ADA breaks out above the upper trendline of the wedge.
- Long-term Outlook:-) Cautiously bullish, with potential for a medium-term uptrend if ADA maintains its support zone between $0.70 and $0.74.