Geopolitical tensions and regulatory uncertainty continue to shape cryptocurrency markets such as Cardano
Experience volatile price action between $ 0.664 and $ 0.690. In spite of the solid foundations of the network, including overcoming 110 million total transactions, Ada faces a downward pressure amid broader market concerns about inflation and monetary policy decisions.
Technical analysis
- ADA-US exhibited a 24-hour volatile negotiation range of 0.026 (3.85%), forming a consolidation pattern between $ 0.664 and $ 0.690.
- Significant resistance found at $ 0.690 with high volume rejection during 01:00 hours.
- A strong established support was established at $ 0.665 with a notable purchase pressure that emerges at 10:00 and 12:00 hours.
- The 4 -hour mobile average suggests a slight bearish bias, with a price that currently proves the average range level around $ 0.672.
- The clear resistance zone formed around $ 0.676, with a maximum volume during period 13: 36-13: 40.
- The setback at $ 0.668 at 14:00 established a new support level, with an immediate purchase pressure that pushed prices above $ 0.671.
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