Cardano (ADA) was under severe sales pressure, as a result of which investors question his future. After reaching maximums higher $ 1.20the price took a significant decline, now bargaining around $ 0.617The field since market moods are more and more bearish, many are wondering: Hell goes to a complete collapse, or is it a temporary correction before the rebound?
A recent decrease in prices of ADA hazelo is dangerously close to the key support levels. If these levels cannot be preserved, the possibility of further deficiency may become a reality. However, technical indicators suggest that ADA can be in Respestering territoryHinting at a potential recovery.
In this article we will analyze The current effect of the pricing of the cardan, key levels of support and resistance and technical indicators To determine if the ADA is the risk of destruction further or on the horizon. Let’s plunge into the charts to reveal the next potential move for Cardano!
Cardano (ADA) in a free fall or the possibility of buying?
Cardano (ADA) fought with a bear impulse after a strong rally, which saw it reaches maximums above $ 1.20. The price is currently trading around $ 0.617Showing a sharp decline in recent weeks. Since the price that is now approaching critical support levels, investors are wondering if ADA is configured for recovery or will continue to go down.
Studying the daily diagram, the trend towards a decrease is clear, with lower maximums and forming below. The price checks the key support zone, which historically acted as a strong barrier against further decline. The question is now whether this level will be held or whether ADA will be a deeper collapse.
Will there be support at 0.60 US dollars, or the probability of a breakdown?
One of the most important levels for observation is $ 0.60 support zoneThis level played a significant role in the past, acting as a strong base before serious price restoration. If the ADA manages to stay above this level, it can see the rebound, which will lead to short -term restoration. However, if the bears push the price below this mark, the next major support is around $ 0.40-0.45 US dollarsAnd tolerate failure, repeated test $ 0.20 region Maybe.
Presence lower support of about 0.20 US dollars It suggests that if destruction occurs, the ADA can see a long period of bear pressure. This level coincides with the historical price action, where accumulation previously occurred. A break below 0.20 US dollars, although unlikely in the short term, will signal the large structural collapse at the Kardano price.
What does the RSI indicator show?
A Relative force (RSI) index On the daily diagram at present 26.66that is good in Respestering territoryAs a rule, RSI below 30 suggests that the asset is underestimated, and the change can be inevitable. However, in strong descending trends, assets can remain resold for long periods before recovering.
If RSI begins to show Bull divergence– Where the price makes lower minimums, but RSI begins to grow – this may indicate that the pressure of sales weakens, and there may be a change on the horizon. Until then, traders should be careful to assume that the descending trend has ended.
Can bulls push ADA back above the key levels of the key?
In order for the ADA price to restore a bull impulse, it must overcome the levels of resistance. A The first major resistance is about 0.80 US dollarswhich was the previous zone of consolidation. If the bulls can push the ADA above this level, the next goal will be nearby $ 1.00-1.20Where the price previously faced a strong refusal.
However, if the ADA remains below $ 0.80This suggests that the bears are still under control, and restoration can take more time. The break above this range would confirm the bull -free change and can prepare the ground for a larger rally towards new maximums.
Cardano price prediction: ADA will go to zero, or is it possible to restore?
While ADA is currently faced with significant bear pressure, $ 0.60 support level will be crucial when determining its next step. From here, the recovery in the direction of 0.80 dollars and further can see from here. However, the breakdown below this level can open the doors for further deficiency to the side 0.40 US dollars or even $ 0.20.Field
Respected RSI assumes that the rebound is likely to confirm the price action before announcing a change in the trend. So far a Full -of -zero It is unlikely, the ADA remains in the critical zone, where the bulls should intervene in order to prevent the further trend.
Investors and traders should closely monitor the key levels and signals of the volume before making any movements, since volatility remains high in the cryptocurrency market.
