Cardano (ADA) has fallen by almost 10% over the past 24 hours, continuing 30% of the correction over the last month. Despite a sharp decrease, the volume of bidding has increased by 123% over the past 24 hours, reaching $ 1.4 billion.
This increase in volume indicates increased activity in the market, which is probably due to intensive sales pressure. Since the ADA focuses on this unstable period, the technical indicators suggest that the bear impulse remains dominant, although potential changes appear.
ADA BBTREND is positive, but still below the latest rally levels
The BBTREND ADA is currently 2.83, which grew up -0.90 all day ago, which indicates a pulse shift. BBTREND is an indicator obtained from the bands of Bolinger, which measures the strength and direction of the trend.
Positive values suggest a bull impulse, while negative values indicate a bear pressure. Although the BBTREND ADA switched to a positive territory, signaling the growing interest of the purchase, it is still significantly lower than the levels observed in mid -February, when it exceeded 10.
This suggests that although ADA is gaining some impulse up, the purchase pressure is not as strong as during its previous rally. The current level of BBTrend indicates a careful recovery, implying that buyers are gradually entering, but have not yet fully restored control.
If the BBTrend continues to grow, this may indicate strengthening bull moods. However, until it approaches higher levels, the current ascending trend remains fragile, and ADA may still encounter resistance.
Ichimoku cloud shows a strong bear installation for a cardano
ICHIMOKU cloud for ADA shows a strong bear tendency. The price is traded significantly below the cloud, which indicates the continuation of the pulse down. The red cloud in front reflects bear feelings, with the leading interval A (green line) below the leading ball B (red line).
Tenkan-Sen (blue line) is located below Kijun-Sen (Red Line), increasing sales pressure. In addition, Span Chikou (green lag) is lower than the price action, confirming the general worldview of the bear.
A sharp fall in the price began after it was not possible to break through above Kijun-Sen, which led to the decisive movement down. Currently, the price shows small signs of recovery, and the bear structure remains untouched.
For any potential change, the price would have to rise above the tenkan-sen and kijun-sen, and then a breakthrough through the cloud. Until this does not happen, the bear’s trend will probably remain, reflecting the strong descending pressure on the ADA.
Cardano can fall to $ 0.5 next time
Cardano Price has fallen by 18% over the past two days, and EMA lines have formed a strong bear installation. The short -term EMA is clearly lower than the long -term, which indicates intensive pressure of sales and confirms the bear impulse.
If this descending trend continues, ADA can fall further to $ 0.50. A wide separation between EMAS suggests that a negative feeling is strong, which makes difficulties for buyers to restore control.
However, if the ADA manages to cancel this trend, there is a potential for significant recovery. If this scenario occurs, ADA can first check the resistance at 0.73 US dollars, and if this level is broken, it can rise to $ 0.82.
If the upward trend remains strong, ADA can potentially reach $ 0.90, which is 40% of growth. To do this, the short -term EMA should cross the excess of long -term, signaling the transition from bear to bull feelings.
