$ADA /USDT Showing Slight Bullish Momentum After Testing Lows
Hey everyone,
Let's take a look at the $ADA chart. The current price of Cardano is at $0.7048, showing a positive increase of +3.25% today.
Looking at the last 24 hours, ADA ranged from a Low of $0.6813 to a High of $0.7146. The 24h Volume stands at 85.33M ADA, which is equivalent to 59.87M in USDT.
The chart shows a bounce back from the 24-hour low. We can see a series of green candles forming, indicating some buying pressure. The price is currently trading below the 24-hour high, suggesting that it might be facing some resistance around that level.
Traders will be watching to see if ADA can break above the $0.7146 resistance. If it does, we might see further bullish movement. On the downside, the $0.6813 level remains a key support to monitor.
Key points to observe:
Resistance: The 24-hour high of $0.7146 is the immediate resistance to watch.
Support: The 24-hour low of $0.6813 is the key support level.
Momentum: The current momentum appears to be slightly bullish after the bounce from the low.
What are your thoughts on Cardano's current movement? Do you anticipate it will break the recent high, or will we see some resistance and potential pullback? Share your analysis!
