Cardano

Resistance

<p><a href="https://twitter.com/Av_Sebastian/status/1755832450993836096?t=AbudKNmDgktHnQX-U2uJ3g&amp;s=19" target="_blank" rel="nofollow">X Analyst @Av_Sebastian</a> pointed out that Cardano (ADA) has been showing signs of strength on the 4-hour chart. He believes that ADA will likely retest the $0.55 resistance level soon, which will be a critical point that determines if the price can move higher. A break above $0.55 could lead to further upside towards $0.6.</p> 
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<p><strong>But On-Chain Metrics Indicate Weakness</strong></p> 
<p>However, some on-chain metrics indicate weakness for <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank">ADA</a> currently. Over the last 24 hours, trading volume has declined by 20% even as market capitalization has only increased slightly by 1.6%. This could suggest that bullish enthusiasm and trading activity around the token is waning at the moment.</p>  
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<p>On the positive side, the price has moved above the 50-day and 200-day exponential moving averages, which could now act as support levels. The RSI is at a moderate 57, meaning bulls still have some room to drive the price upwards before becoming overextended.</p> 
<p>So in summary, while the short-term technical outlook shows some signs of strength for ADA, longer-term on-chain signals remain mixed as to whether this bullish momentum can be sustained. The $0.55 level remains the key near-term spot to watch which could determine the next major move.</p> 
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<p>The post <a href="https://captainaltcoin.com/conflicting-ada-metrics-could-stop-bulls-efforts-to-break-this-critical-resistance-level/">Conflicting Cardano (ADA) Metrics Could Stop Bulls’ Efforts To Break This Critical Resistance Level</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Conflicting Cardano (ADA) Metrics Could Stop Bulls’ Efforts To Break This Critical Resistance Level

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