#USChinaTensions
Cardano (ADAUSD) rises cautiously – Analysis – 21-04-2025
The price of Cardano (ADAUSD) has seen a cautious rise during its recent trades at the momentary levels, supported by the influx of positive signals from the relative strength indicators, amidst the dominance of the corrective downward trend in the short term, with continued negative pressure resulting from trading below its simple moving average of the previous 50 days. However, we notice that the price is exhibiting positive behavior in its recent trades as it moves within a narrow range of sideways trading in an attempt to gain some positive momentum.
Therefore, we expect the price of the currency to rise during its upcoming trades, provided that the support level of $0.5569 holds, targeting the resistance level of $0.7100.
Expected direction for upcoming trades: Bullish
