The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Cardano (ADA) has started a recovery wave from the $0.6420 zone but faces strong resistance near $0.6850. The cryptocurrency’s next move hinges on whether it can break this barrier or face another decline. Technical indicators suggest a mixed outlook for ADA in the short term.
- ADA broke a bearish trend line at $0.650 but faces resistance at $0.6850, a key Fib level.
- A close above $0.7090 could propel ADA toward $0.730, while a rejection may test support at $0.6500.
- Hourly MACD shows weakening bullish momentum, while the RSI stays above 50, signaling uncertainty.
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