ADA from #Cardano over the past week has put on a mini-firework show, adding more than 12% and, for the first time since March, proudly crossed the $0.70 mark! 🥳 Trading volumes were also impressive — +33% in a day, reaching $723 million. Sellers and buyers are clearly dancing the lambada there. 💃🕺
⚙️ But not everything is so rosy under the hood.
Technical indicators are starting to wink:
BBTrend sharply dropped, like a student after exams, hinting that the energy of $ADA may decrease. 📉
The Directional Movement Index (DMI) is really in thought: neither bulls nor bears can pull the rope to their side.
ADX below 20 is like a party without music: there's a trend, but it lacks strength. 🎈
🔍 Critical moment:
ADA is testing an important support level at $0.69. If it stumbles — hello, levels $0.63 and $0.59. 😬 But if Cardano decides to gather its strength and breaks through $0.746, then we might see a jump up to $0.77! 🎯