Cardano Ada
The Token is struggling to maintain an upward boost, sliding to $ 0.5965 despite the support signs in the psychological threshold of $ 0.60, according to the technical analysis model of Coindesk Research.
The previous price action suggested a bullish investment pattern, which includes a possible triple background formation, but the failure to retain $ 0.60 highlights continuous weakness in the market.
What stands out is the increase in the 24 -hour negotiation volume, which increased by 30% above its 7 -day mobile average, a sign of greater market share. Although short -term price action remains low, the increase in activity combined with a reduction in exchange network flows could indicate that ADA holders are changing to long -term storage.
With more than 2,000 decentralized applications and 10.8 million native tokens deployed in the Cardano Network, some merchants are positioning for a possible rebound if the broader market is stabilized.
TECHNICAL ANALYSIS
- Ada quoted between $ 0.589 and $ 0.612 during the 24 -hour period, a range of 3.9%.
- After testing the $ 0.590 support, the purchase pressure exceeded about $ 0.609, followed by consolidation between $ 0.597 and $ 0.603.
- The final candle per hour closed to $ 0.5965, confirming a break below $ 0.60 without immediate rebound.
- The highest minimum bullish trend structure was interrupted, weakening the bullish impulse.
- An increase of 30% in the 24 -hour negotiation volume suggests high participation, although short -term feeling remains fragile.
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