$ADA
ADA
0.3436
-4.21%
ADA/USDT Technical Overview
Cardano (ADA) is currently trading at 0.3593 and is now showing in the Accumulation phase after a long 'Bearish Trend'. The market is now stabilizing at a lower level after falling from a high of 0.9540.
Key Technical Levels:
Support: The level of 0.2737 on the chart is a strong historical Bottom. The current price is holding above it, which could be a positive sign.
Resistance: For a bullish comeback, ADA needs to break the zone of 0.38 - 0.40 to restore buyers' confidence.
Conclusion:
Current volume is low, indicating a silence before a major breakout. It is better for safe traders to wait for the trend to become clear.