Cardano (ADA) exhibits volatility in the cryptocurrency market. The price has dropped by 5.16% over the past 24 hours, reaching $0.70, highlighting the importance of key technical levels in the short term.
Weekly Overview
Over the week, ADA has fluctuated between $0.69 and $0.77. The Bollinger Bands indicate growing volatility, suggesting a potential breakout. Holding above $0.70 is crucial for maintaining bullish momentum, while a break below could push ADA into a bearish phase.
Daily Overview
On the daily chart, ADA has gained 6.60% over the past week, showing signs of a bullish trend. If it surpasses $0.7531, the next targets are $0.80 to $0.85. Failing to hold support at $0.7226 could lead to a retest of lower levels.
4-Hour Overview
On the 4-hour timeframe, ADA is holding the support level at $0.70. The TD Sequential Indicator has flashed a buy signal, hinting at a potential short-term bullish reversal. A decisive move above $0.73 could confirm strength and trigger further gains.
Given current momentum, ADA is likely to test $0.75 over the weekend. If bullish pressure intensifies, it could reach $0.78 to $0.80. Persistent selling pressure, however, may see ADA revisit $0.68 to $0.65.
