ADA Price Battle: Mixed Signals As Cardano Nears Must-Hold $0.685
- ADA struggles near $0.7122 as selling pressure limits bullish breakout attempts
- Weakening volume below $800M signals fading buyer interest and possible downside
- MACD turns bullish and RSI climbs, hinting at a potential short-term ADA rebound
Cardano (ADA) started April 30 strong, opening around $0.7122, but failed to hold momentum. The price has since dropped to $0.6945, reflecting a 2.50% decline within the day and positioning ADA for a volatile start to May.
Despite some early upward movement, the overall session was dominated by selling pressure. This reflects uncertainty among traders and hesitation to push the price higher without stronger market support.
Volume Slips as Market Support Weakens
Besides price action, a closer look at volume, resistance, and support levels reveals where ADA might head next. Trading volume has dropped 5% to $785.52 million, indicating that buyer enthusiasm is fading.
Lower volume often points to weakening momentum, which can lead to consolidation or extended downside unless market sentiment shifts.
Related: ADA Price Prediction: Bulls Eye $0.80 Breakout as ETF Bets Build Up
Support and Resistance Zones Guide …
The post ADA Price Battle: Mixed Signals As Cardano Nears Must-Hold $0.685 appeared first on Coin Edition.
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ADA Price Battle: Mixed Signals As Cardano Nears Must-Hold $0.685
- ADA struggles near $0.7122 as selling pressure limits bullish breakout attempts
- Weakening volume below $800M signals fading buyer interest and possible downside
- MACD turns bullish and RSI climbs, hinting at a potential short-term ADA rebound
Cardano (ADA) started April 30 strong, opening around $0.7122, but failed to hold momentum. The price has since dropped to $0.6945, reflecting a 2.50% decline within the day and positioning ADA for a volatile start to May.
Despite some early upward movement, the overall session was dominated by selling pressure. This reflects uncertainty among traders and hesitation to push the price higher without stronger market support.
Volume Slips as Market Support Weakens
Besides price action, a closer look at volume, resistance, and support levels reveals where ADA might head next. Trading volume has dropped 5% to $785.52 million, indicating that buyer enthusiasm is fading.
Lower volume often points to weakening momentum, which can lead to consolidation or extended downside unless market sentiment shifts.
Related: ADA Price Prediction: Bulls Eye $0.80 Breakout as ETF Bets Build Up
Support and Resistance Zones Guide …
The post ADA Price Battle: Mixed Signals As Cardano Nears Must-Hold $0.685 appeared first on Coin Edition.
Read More