Cardano Price Prediction: ADA Faces Range-Bound Pressure as Momentum Cools
- ADA’s struggle below key Fibonacci levels highlights persistent market resistance zones.
- Rising open interest above $600M reflects sustained trader speculation and confidence.
- Continuous ADA exchange outflows suggest strong long-term accumulation and staking intent.
Cardano (ADA) continues to face selling pressure after failing to hold above the 0.5 Fibonacci retracement level near $0.6579. The price recently slipped to $0.6427, marking a mild decline of 1.27% over the last session. This move reflects waning momentum following ADA’s earlier rebound from the $0.60 region. Consequently, traders remain cautious as ADA struggles to build enough strength for a sustained breakout.
Key Levels Suggest Persistent Resistance
ADA’s structure remains technically confined between key Fibonacci levels. The 0.5 retracement leve…
Read The Full Article Cardano Price Prediction: ADA Faces Range-Bound Pressure as Momentum Cools On Coin Edition.
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Cardano Price Prediction: ADA Faces Range-Bound Pressure as Momentum Cools
- ADA’s struggle below key Fibonacci levels highlights persistent market resistance zones.
- Rising open interest above $600M reflects sustained trader speculation and confidence.
- Continuous ADA exchange outflows suggest strong long-term accumulation and staking intent.
Cardano (ADA) continues to face selling pressure after failing to hold above the 0.5 Fibonacci retracement level near $0.6579. The price recently slipped to $0.6427, marking a mild decline of 1.27% over the last session. This move reflects waning momentum following ADA’s earlier rebound from the $0.60 region. Consequently, traders remain cautious as ADA struggles to build enough strength for a sustained breakout.
Key Levels Suggest Persistent Resistance
ADA’s structure remains technically confined between key Fibonacci levels. The 0.5 retracement leve…
Read The Full Article Cardano Price Prediction: ADA Faces Range-Bound Pressure as Momentum Cools On Coin Edition.
Read More
Chainlink Price Prediction: LINK Eyes Recovery as Accumulation Trends Strengthen