The cryptocurrency market continues to browse the choppy waters as global economic factors create domain effects on digital assets.
Cardano’s native cryptocurrency, Ada
He demonstrated resilience, forming a V -shaped recovery pattern after finding strong support to $ 0.684 with a significant purchase volume during the night, according to the technical analysis model of Coindesk Research. This recovery is produced in the midst of a broader uncertainty in the market as investors weigh the impact of growing commercial tensions between the main economies.
Ada has dropped 0.45% in the last 24 hours at the time of publication, quoting to $ 0.68, while the broader market meter index Coindesk 20 fell 2.1%.
TECHNICAL ANALYSIS
- The price of the action formed a recovery pattern in the form of V from the minimum of $ 0.676 to recover the level of $ 0.697.
- The strong volume support arose at $ 0.684, with the highest volume of 24 hours of 45.7 million.
- Potential continuation towards the resistance level of $ 0.702 established during the first hours of the morning.
- Clean the higher trend with higher minimums established during the early hours of the United States, where the volume reached its maximum point at 1.17 m.
- The substantial volume admitted the rupture above $ 0.697.
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