$ADA quick Analysis

Cardano's (ADA) recovery is facing resistance right at the previous breakout zone, indicating that the bears are still exerting pressure.

If the Cardano price reverses and breaks below $0.34, this confirms that the bears have turned the $0.37 level into resistance. In that case, the ADA/USDT pair could continue to fall to the October 10th low of $0.27.

A small positive sign for the bulls is that the RSI indicator has formed a positive divergence. If buyers can push the price above the 20-day EMA ($0.40), the pair could surge towards the very strong upper resistance zone at $0.50.

ADAUSDT

Perp

0.3653

-0.65%