CARDANO (ADA) $0.809912according to technical analysis, the decreasing triangular formation continues to tend to decline. Crypto currency is traded below the $ 0.85 resistance level, while it gives consolidation signals in a strong support zone at $ 0.76. Investors evaluate the possibility of decreasing or recovering up to $ 0.68 if these levels are broken. The fact that some major investors maintain their purchasing strategies raises the possibility of a short -term rise. Market analysts share contradictory opinions on the orientation of the price in the coming days.
Technical indicators and price movements
Cardano’nun 4 -hour graph in the downward breaking the symmetrical triangular formation, indicates that sales pressure has increased. The $ 0.85 level stands out as an important resistance that prevents the price attempt in recent weeks. The lack of permanent movement above this level feeds concerns that the decline tendency may continue.
The $ 0.76 support zone is seen as a critical psychological level for the island. However, if this level is lost, the price is estimated to decrease to $ 0.68. The decline in the transaction volume reflects the indecision of investors. Technical indicators, especially the low momentum in RSI and MACD, do not give a clear signal for the short term.
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Contradictory comments from analysts
Market analyst Winghaven Crypto says that the symmetrical triangle breaks confirm the decline trend. This movement in the 4 -hour graph shows that sellers take control. According to Winghaven, sales pressure may increase as long as it cannot be held above $ 0.85.
On the other hand, analyst Ali Martinez emphasizes that buyers can come into play if the support levels are preserved. Martinez states that the fall below $ 0.76 may lead to a fluctuation of 33 %, but the purchases may trigger recovery. Some major investors’ interest in the island supports this scenario.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
