Current price of Cardano ($ADA ) — $0.8257, with a growth of 0.2% over the past 24 hours. The market shows low volatility, but technical indicators hint at potential movements. On the daily chart, ADA is consolidating in the range of $0.80–$0.85, testing the 50-day moving average. RSI (42) indicates a neutral zone, with no clear signals of overbought/oversold conditions. Trading volumes are stable, but without momentum. Fundamentally, Cardano maintains interest due to network updates and the growth of the DeFi ecosystem.
Bullish scenario: Breaking resistance $ADA $0.85 could send ADA to $0.90–$0.95. Entry point: $0.855. TP: $0.90 (first target), $0.95 (second). SL: $0.838 (2% of entry).
Bearish scenario: Breaking support $ADA $0.80 will open the way to $0.75. Entry point: $0.795 (short). TP: $0.75. SL: $0.819 (3% of entry).
I recommend using 1–2% of the deposit per trade and moving the SL to breakeven as the market moves in your favor. The cryptocurrency market is volatile, so practice risk management!
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