๐ถ๏ธCardano ($ADA ) Market Update ๐
Cardano has jumped 12% this week, crossing $0.70 for the first time since March! ๐ฅ But wait โ technical indicators show momentum may be fading.
๐ BBTrend Indicator: Dropped to 7.55, signaling slowing price expansion.
๐ DMI (Directional Movement Index): Trend strength weakening, with ADX at 17.14.
๐ EMA Lines: Still bullish, but ADA is now testing key support at $0.69.
๐ Key Levels:
Support: If $0.69 fails, next downside targets are $0.63 and $0.609.
Resistance: A breakout above $0.746 could push ADA to $0.77.
๐ Market sentiment remains mixed, suggesting potential sideways movement unless bulls or bears take clear control.
โ ๏ธ Traders โ Stay alert! Market volatility is rising, and strong research is your best tool!
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