Cardano (ADA) is traded below the mark of 0.70 dollars from March 29, with all his might trying to restore the bull impulse. Despite the brief signs of power, recent indicators now indicate a weakening of the conditions of the trend.
Both BBTREND and ADX show the disappearance of the purchase pressure, while the alignment of EMA remains bearish. With a stuck price between key support and resistance levels, the next step ADA can determine its short -term direction.
Cardano Bbtrend becomes negative, signaling pulse change
The BBTREND Cardano has turned over negative, is currently at -0.78, having spent the last five days in a positive territory. The indicator reached the peak on April 14, on April 14, signaling a strong bull impulse at that time.
BBTREND, short for the BOLLINGER BAND trend, measures the strength and direction of price movement compared to its Bollinger stripes.
Positive values usually indicate bull tendencies, while negative values indicate the bear conditions or weakening of the pulse.
The shift to -0.78 suggests that the recent upward trend Cardano has lost strength and can be changed. Negative reading of BBTrend means that the price is now approaching the lower strip, often a sign of sales pressure growth.
Although this is not yet confirmed by a strong descending trend, this change may indicate the beginning of wider consolidation or bear phase if the pulse does not recover.
Traiders may want to carefully monitor the conduct or rebound in order to evaluate the short -term direction of the ADA.
Cardano Momentum disappears when ADX accidents and increased sales pressure
The DMI Cardano diagram shows a sharp drop in trend strength, and its ADX drops to 15.12 from 28.34 only two days ago.
ADX (the average direction index) measures the intensity of the trend – reading above 25 suggests a strong trend, while values below 20 indicate a weak or consolidation market.
A large decrease in ADX signals that the pulse of the recent pitch Cardano quickly disappears.
At the same time, +di (indicator in bull directions) fell from 22.61 to 17.39, demonstrating the weakening of the pressure pressure. Meanwhile, -DI (Bear indicator) rose from 10.5 to 14.95, which indicates a gradual increase in the power of sale.
With the fall of ADX and +DI, and with the climbing on -DI, the installation hints at a potential shift in favor of the bears.
If the bull impulse does not return quickly, the cardano can enter during the side of the side movement or even the short -term descending trend.
The bear structure is still dominated
EMA Kardano lines remain bear, with short -term medium, still located below long -term, which indicates that the descending impulse is not damaged.
Cardano Price is kept above the key support zone of about $ 0.594, but if this level fails, it can cause a deeper drop to $ 0.511. This will confirm the continuation of the descending trend and reflects the growing pressure of sales.
However, if the ADA manages to cancel its current impulse, the first serious resistance is $ 0.64. A breakthrough above this level can open a door for further profit, with potential targets of $ 0.66 and $ 0.70.
If the ascending trend intensifies, ADA may even rally by $ 0.77, noting a more decisive restoration and shift of the trend.
