Cardano Price Prediction: Buyers Fight to Reverse a Sustained Downtrend
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- Cardano trades near $0.44 after a rebound from $0.38, but remains capped by a descending trendline since August.
- Spot flows stay negative with $181K in outflows, signaling weak accumulation and higher risk of rejection at resistance.
- Open interest drops more than 3 percent and volume declines, showing reduced conviction and limited breakout potential.
Cardano price today trades near $0.44 after a brief rebound from multi-month lows failed to break the descending trendline that has capped rallies since August. The bounce relieved pressure from sellers but did not change the broader structure, and price is now pressing into resistance where sellers have repeatedly stepped in.
Buyers Struggle Against A Heavy Downtrend
On the 4 hour chart, ADA trades below the 20, 50, 100, and 200 EMAs. These averages slope downward and sit …
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Cardano Price Prediction: Buyers Fight to Reverse a Sustained Downtrend
Share:
- Cardano trades near $0.44 after a rebound from $0.38, but remains capped by a descending trendline since August.
- Spot flows stay negative with $181K in outflows, signaling weak accumulation and higher risk of rejection at resistance.
- Open interest drops more than 3 percent and volume declines, showing reduced conviction and limited breakout potential.
Cardano price today trades near $0.44 after a brief rebound from multi-month lows failed to break the descending trendline that has capped rallies since August. The bounce relieved pressure from sellers but did not change the broader structure, and price is now pressing into resistance where sellers have repeatedly stepped in.
Buyers Struggle Against A Heavy Downtrend
On the 4 hour chart, ADA trades below the 20, 50, 100, and 200 EMAs. These averages slope downward and sit …
Read The Full Article Cardano Price Prediction: Buyers Fight to Reverse a Sustained Downtrend On Coin Edition.
In This News
Coins
$ 0.282
-0.05%Share:
In This News
Coins
$ 0.282
-0.05%Share:
Read More
XRP Price Prediction: Bank Slashes $8 Forecast 65% As Price Tests $1.47 Support