- Cardano was rejected from the condolence channel, and if the bears are taken responsibility, the encryption can decrease to $ 0.63 or $ 0.54.
- A similar triangular pattern is formed, but indicators like RSI and MACD indicate poor momentum.
- Despite the accumulation of the whale in April, the open decrease and uncertainty in the macro indicates cautious feelings about the next step of ADA.
Cardano ($ ADA) was rejected on the upper limits of a retarded parallel channel, according to the graphic drawing by analyst Ali Martinez. Rejection near $ 0.68 indicates a possible step of about $ 0.63 or even $ 0.54 if the declining pressure continues. This Haboodiya channel was created early in the second half of 2024, and the graph was published on May 6, 2025.
Martinez analyst shows this Lead It contains its highest level and lower lower with a multi -witness channel. This rejection occurred at 0.618, which is important because it often displays a reflection area in previous periods. However, this is only possible if the bulls do not restore the top of the channel, as it remains in the process of decline.
At the time of the press, Cardano is traded at $ 0.6604, and has decreased by 5.54 % in the past 24 hours. Since the price is currently trading less than 50-ema of $ 0.6704, technical conditions support a cautious situation. Prices may lead to less than $ 0.63 More decline Towards the next support at $ 0.54 near Bolinger and demand levels.
Triangle style builds, but momentum signals are biased
Analyst Talk and Carl Moon referred to a similar triangle with the Cardano graph for 4 hours. The current support and resistance levels have made the highest low levels, as the ADA price is a bullish style, usually followed by high fluctuations.
Saudis analysts Believe That $ 0.7730 will be the level from which the currency pair will erupt. However, the breakdown can lead to the price withdrawal to the level of the analysis of $ 0.6280. Token Talk said that the break of $ 0.70 would be the Goo Bitcoin signal, and as expected, it happened the next day. It is also, over and over again, Rally’s attempts to continue mainly for greater progress.
If the bulls come to the forefront, Karl has a goal of $ 0.7730. However, in the event of a breakdown, the price may decrease to $ 0.6280. Token Talk is $ 0.70 as a possible reflection level.
However, some of the momentum indicators are biased towards al -Habboudia where this pattern is uniform. The RSI value decreased to 45.88, indicating a decrease in the MACD plot. On the same note, MACD gave a declining signal through a crossbow where the MACD line is below the signal line.
Whales buy heavy delicious drops
ADA large addresses accumulate by 410 million symbols in April, which indicates accumulation. A higher level of whale positions is often associated with the expectations of the expected enhancement, especially when it is accompanied by a decrease in the market supply.
However, speculative demand decreased. ADA’s open interest has decreased by 6.18 % in the past 24 hours to 750.38 million dollars. This decrease indicates that less than traders are active in this process and less commitment to investing in these price points. However, if the open interest does not rise with the outbreak of more than $ 0.70, the short -term sale pressure remains dominant.
