With the price consolidating under theย mainย resistance, ADA may attempt a breakout.
Key Support levels: $0.36, $0.34
Key Resistance levels: $0.38, $0.40
The price has formed a double bottom with good support at 36 cents. As long as this key level holds, bulls have a good chance to take ADAโs price to the resistance at 38 cents. A breakout over it would confirm the end of this correction that started in April.
Trading Volume:ย The volume persistsย to be low, and momentum has isย still to return for bulls.
RSI: The daily RSI is making higher bottomย Line which gives hopes of a reversal soon.
MACD: The daily MACD did a positiveย tendency cross today, and if buyers return, itย canย potentially signal the start of an uptrend.
Bias
The bias for ADA is neutral.
Short-Term Prediction for ADA Price
Cardanoย (ADA) is found at a critical moment which will be decisive for the remainder of the 30ย days. If buyers manage to return and break theย mainย resistance at 38 cents, then ADA will turnย positiveย tendency and could visit 40 cents next.
