Cardano

Reversal

Coin

<ul class="news-points"> 
 <li>ADA finds support at $0.2376, fueling hopes for a bullish breakout.</li> 
 <li>Increased trading volume suggests strong demand for ADA on the dip.</li> 
 <li>Technical indicators predict ADAUSD’s potential reversal as stochastic RSI signals oversold conditions.</li> 
</ul> 
Early in the day, bullish momentum in the <a href="https://coinedition.com/tag/cardano-ada/">Cardano (ADA)</a> market was robust, but the resistance above the intra-day high of $0.2642 proved too hard to overcome. As a result, the price fell, but it regained support above the $0.2546 level. 
This level indicates that there is still a lot of buying interest in ADA, and if the bulls can generate enough momentum, they could break through the barrier and propel the price higher. ADA was trading at $0.2559 at press time, a 2.34% decline from its previous high. 
If the bearish momentum breaks through the $0.2546 support level, the next level to watch is around $0.25. This level has provided solid support for ADA and might present a buying opportunity if it holds. However, if the selling pressure increases and the price falls below $0.25, ADA may face more negative potential to the next support level, around $0.24. 
If the bulls can find enough strength to break beyond $0.2642, the…
The post <a rel="nofollow" href="https://coinedition.com/ada-retraces-after-testing-30-day-high-indicators-signal-reversal/">ADA Retraces After Testing 30-Day High, Indicators Signal Reversal</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

ADA Retraces After Testing 30-Day High, Indicators Signal Reversal

Coin Edition

2023년 10월 4일에 게재된 다른 기사

Celsius Network Planning to Return Customer Money by the End of 2023

US debt climbs by over half of Bitcoin’s market cap in a day

Binance is the target of a class-action lawsuit for allegedly harming FTX before its collapse.

How to Understand and Read Blockchain Data

OpenSea Unveils OpenSea Studio: A Game-Changer for NFT Creators

Ripple secures significant digital payment license in Singapore

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!