ADA Price 20% Weekly Rise Clouded by Weak Trend Signals | Airdrop Alert Pro

Cardano (ADA) price has surged 20% in the past seven days, regaining levels above $1, cementing its position as the ninth-largest cryptocurrency by market capitalization. Despite its strong performance, ADA’s trend strength appears to be waning, as evidenced by the ADX decline.

The Ichimoku cloud still reflects a bullish pattern, but the narrowing of the cloud pattern suggests there may be hesitation in momentum. Whether ADA can maintain its upward trajectory or face a correction will depend on its ability to break through key resistance levels or hold key support areas.

Cardano’s ADX reflects declining trend strength

cardano The ADX (Average Directional Index) is currently at 14.2, down sharply from 24.8 three days ago when its recent spike and uptrend started to lose steam. The drop comes after a rapid rise in price from $0.89 to $1.13 in four days, highlighting the transition from strong upward momentum to a more uncertain phase.

ADX measures the strength of a trend, with values ​​above 25 indicating a strong trend and readings below 20 indicating a weak or uncertain trend.

With ADX at 14.2, the trend strength of ADA appears to be weakening, although ADA price Still on an upward trend, but not as strong as before. A lower ADX indicates a lack of strong directional momentum in the market, suggesting traders may be consolidating or indecisive.

If ADX remains low, cardano price Without fresh buying pressure, the sharp rise may be difficult to sustain. Nonetheless, if momentum builds and ADX rises again, the uptrend may resume.

Ichimoku cloud presents optimistic picture

this cardano The Ichimoku cloud chart shows that the current price is above the cloud, indicating an overall bullish trend. The cloud itself is green, with Senkou Span A above Senkou Span B, reinforcing the near-term bullish outlook.

However, the shrinking of the clouds indicates a weakening trend, suggesting that momentum may be weakening in the future.

Tenkan-sen (blue line) remains above Kijun-sen (red line), highlighting positive short-term momentum. However, ADA price The uptrend may be losing ground, and any crossover between these lines could signal a possible shift in sentiment.

As long as price remains above the cloud, the bullish trend is intact, but a break below the cloud could signal bearish pressure.

ADA Price Prediction: Can Cardano Drop Below $1 in January?

if cardano price The current uptrend is reinforcing and could approach and test the $1.119 resistance. A break above this resistance would mark a continuation of the bullish momentum and could pave the way for further gains towards $1.151.

On the other hand, if the trend reverses, ADA price A test of its support at $1.03 is likely. Losing this key level could trigger a stronger pullback that could see the price drop to $0.87.