ADA Price Faces $1 Barrier as Technical Signals Clash
Cardano (ADA) price has gained 4% in the past 24 hours in an attempt to regain the $1 price level despite falling 12% over the past week. The latest rally comes as ADA shows signs of stabilizing after a period of intense selling pressure.
ADA’s ADX highlights that the intensity of its previous downtrend has weakened, providing room for a potential momentum shift. However, its Ichimoku Cloud and EMA indicators still show uncertainty.
Cardano downtrend may be losing strength
Cardano The Average Directional Index (ADX) currently stands at 33.7, down sharply from its recent peak of 53.2 three days ago. ADX is a technical indicator that measures the strength of a trend, whether bullish or bearish, on a scale from 0 to 100.
Values above 25 generally indicate a strong trend, while values below 20 indicate weak or lack of momentum. decline ADA The ADX showed that the intensity of its previous downtrend has weakened, consistent with efforts to resume an uptrend after a period of bearish activity from January 7 to January 9.
At current levels, the ADX reflects a moderate trend, indicating that while the downtrend is fading, the uptrend is not yet fully established. If ADA is able to maintain buying momentum, a decline in ADX could signal an opportunity for prices to rebound as selling pressure subsides.
However, since there is no strong directional movement in the market, ADA price It may still be in a consolidation phase, waiting for further catalysts to determine its next big move.
Ichimoku cloud still shows bearish pattern
Ichimoku Cloud Atlas Cardano It is currently trading below Red Cloud, which is usually a bearish sign. The red cloud formed by Senkou Span A (green line) and Senkou Span B (orange line) reflects overhead resistance, and its downward slope further emphasizes the bearish sentiment.
The blue line (Tenkan-sen) is slightly below the orange line (Kijun-sen), confirming that recent price action is not enough to reverse the current bearish momentum.
Additionally, the green Chikou Span is below the price and cloud, reinforcing the bearish outlook.
for ADA price To show signs of recovery, it would need a breakout of the clouds and a bullish crossover between the turning line and the continuation line, which could happen soon as shown on the chart.
ADA Price Prediction: Potential Rise of 24%
Exponential Moving Average (EMA) ADA price Revealing a complex and indecisive market scenario. Just a day ago, a death cross formed with the short-term moving average crossing below the long-term moving average, indicating underlying bearish momentum.
However, support near $0.90 managed to prevent further declines, and the EMA lines are now converging, reflecting the trend’s lack of clear directional strength.
If the short-term moving average falls below the long-term moving average again, support at $0.90 may come under pressure. Failure to hold this level could see ADA test $0.82, signaling further downside risks.
On the contrary, if the EMA turns in favor of the uptrend, cardano price A challenge to the $1.03 resistance is likely. A break above this could push the price towards $1.18, with a potential upside of 24% from current levels.
Disclaimer
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