In the crypto currency market, Cardano is expected to enter the rise trend in the light of technical indicators. According to recent analyzes, the formation of a certain formation in the price of the island indicates that it can potentially provide an increase of 260 %while increasing the interest of investors. This is associated with the increase in existing market dynamics and procurement pressure.
Ada Coin Comment
In graphic analysis, the triangular formation rising in the price of Cardano attracts attention. The fact that the price approaches a certain level of resistance and constantly creates higher bottom levels, may be preparing the ground for a possible output. This formation raises the possibility of increasing the current positions of investors and is interpreted positively in terms of technical analysis.
Javon Marx: The current formation of the island shows that the price may increase significantly. The breaking of the upper resistance level caused close to 300 percent increases in similar cases in the past.
Marx’s analysis, technical indicators reflect the print pressure and the price exceeds the level of the upper resistance levels can expand the positions of investors, he says. This assessment shows successfully the success of similar formations in the past.
The data also shows an increase between Cardano’s long -term investors. While the number of investors holding the island for one year is observed, significant rise in the number of those holding positions between 1 and 12 months is observed. This increases the confidence of investors in the project despite the volatil conditions of the market.
Golden Cross Expectation
Analysts draw attention to the possibility of cutting the 200 -day average of the 50 -day average. This technique indicates that the short -term trend is strengthened, while the RSI value is around 70 suggests that the price gained momentum. However, the high RSI value may also reflect that it should be careful.
The increase in open positions and the positive course of Chaikin Money Flow value supports the increasing desire of investors entering the market.
Investors should consider the risks when evaluating technical analysis data and take careful steps. It is recommended to be cautious against sudden changes, while giving signals that the current market conditions are continuing.
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.
