Following a sharp downturn amid Trump's new tariffs, the crypto market shows a recovery. Cardano (ADA) has risen over 17.63% in the last 24 hours.
Current Cardano Performance
Currently, Cardano trades at $0.7574 with a daily trading volume of $2.8 billion, according to CMC data. Over the week, ADA's price has declined 21.56%, hitting a low of $0.6111 from a high of $0.9849. During this period, a $6.34 million ADA liquidation occurred.
ADA Technical Analysis
The MACD lines indicate a bearish trend, but a crossover could signal a reversal. The CMF indicator at 0.27 suggests strong buying pressure as trading volume decreased by 16.13%.
Future of Cardano's Trend
The four-hour chart reveals ongoing negative correction. Support might be tested at $0.7391. If momentum changes, Cardano’s price could approach $0.7811 resistance or even reach $0.8316. The RSI remains at 40.41, indicating a neutral to slightly bearish zone.
Cardano displays short-term growth, but its sustainability is in question due to conflicting technical indicator signals.
