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ADA Price Analysis: Bullish Divergence Emerges Near $0.35 Support
Cardano ($ADA ) trades near critical support around $0.35 as bullish divergence appears on daily charts, suggesting weakening downside momentum despite ongoing selling pressure.
✨ Cardano (ADA/USD) is getting hammered by sellers, but the daily chart is starting to show something interesting. ADA keeps pushing lower toward $0.35, touching a descending trendline that's been guiding the decline. Meanwhile, momentum indicators are telling a different story than price action. This bullish divergence could mark an important shift for ADA after weeks of getting crushed.
✨ The chart makes it clear that Cardano is still stuck in a downtrend, with lower highs and lower lows since November. But here's where it gets interesting: while ADA hit new local lows around $0.34–$0.35, the Relative Strength Index didn't follow suit. This bullish divergence tells us that sellers are running out of steam, even though price hasn't bounced yet. Volume is sitting at moderate levels, which means there's no panic selling happening right now.
✨ From a technical standpoint, ADA is testing a well-defined descending support line that's been controlling price action throughout this entire slide. The divergence forming right at this spot makes it even more critical, as it could serve as a base for stabilization. The chart also shows ADA trading way below previous resistance levels near $0.40 and $0.45, which tells you just how much damage has already been done. If ADA wants to recover, it needs to hold above current support first before dealing with those overhead barriers.
✨ This matters for the broader crypto market because Cardano tends to mirror sentiment across major altcoins during correction phases. If this bullish divergence plays out, we could see short-term consolidation or a relief bounce. But if support fails, it confirms more downside is coming. The chart is showing a clear decision point where momentum and structure are lining up, making the next few sessions crucial for figuring out whether ADA can find its footing or keep sliding.
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✨ Cardano (ADA/USD) is getting hammered by sellers, but the daily chart is starting to show something interesting. ADA keeps pushing lower toward $0.35, touching a descending trendline that's been guiding the decline. Meanwhile, momentum indicators are telling a different story than price action. This bullish divergence could mark an important shift for ADA after weeks of getting crushed.
✨ The chart makes it clear that Cardano is still stuck in a downtrend, with lower highs and lower lows since November. But here's where it gets interesting: while ADA hit new local lows around $0.34–$0.35, the Relative Strength Index didn't follow suit. This bullish divergence tells us that sellers are running out of steam, even though price hasn't bounced yet. Volume is sitting at moderate levels, which means there's no panic selling happening right now.
✨ From a technical standpoint, ADA is testing a well-defined descending support line that's been controlling price action throughout this entire slide. The divergence forming right at this spot makes it even more critical, as it could serve as a base for stabilization. The chart also shows ADA trading way below previous resistance levels near $0.40 and $0.45, which tells you just how much damage has already been done. If ADA wants to recover, it needs to hold above current support first before dealing with those overhead barriers.
✨ This matters for the broader crypto market because Cardano tends to mirror sentiment across major altcoins during correction phases. If this bullish divergence plays out, we could see short-term consolidation or a relief bounce. But if support fails, it confirms more downside is coming. The chart is showing a clear decision point where momentum and structure are lining up, making the next few sessions crucial for figuring out whether ADA can find its footing or keep sliding.
🚀🚀🚀 FOLLOW BE_MASTER BUY_SMART 💰💰💰
Appreciate the work. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩
🚀🚀🚀 PLEASE CLICK FOLLOW BE MASTER BUY SMART - Thank You.
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ADA
0.3773
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