After a significant rally, ADA retraced almost completely, erasing most of the gains.
Key Support levels: $0.30
Key Resistance levels: $0.35
1. ADA at Critical Support
The price has reached critical support at $0.30, which has been tested successfully. Buyers remain interested at this key level. As long as it holds, then ADA has a good chance to resume its uptrend.
Chart by TradingView
2. Momentum Remains Bullish
Despite some disappointment from buyers after Cardano’s price fell from the resistance at $0.37 to $0.30, the momentum indicators remain bullish. This gives hope that as long as the key support holds, buyers may return and, in the process, take ADA back to $0.35, which is the current target.
Chart by TradingView
3. Buyers Return
ADA closed five days with the volume in red after last Thursday’s pump, and today is the first time we see the volume in green. This shows buyers are returning to Cardano, and their biggest challenge is to maintain this momentum.
Chart by TradingVi
We współpracy z: https://cryptopotato.com/is-ada-primed-for-a-crash-this-week-three-things-to-watch-cardano-price-analysis/
