What’s your take on this $ADA one-day chart?


🗓 Since November 22, 2024, Cardano has been trading within a descending channel. It briefly broke above the channel resistance on March 2, 2025, hitting $1.17 before falling back in. Since then, $ADA has continued to move inside the channel.


📊 Currently, ADA is trading below all key EMAs, with the 200-day EMA - once strong support in May - now acting as resistance. The RSI sits around 36.33, suggesting the asset is nearing oversold territory.


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June 02, 2025 at 3:26 PM
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