The cryptocurrency market continues to navigate chopped waters as global economic factors create ring effects across digital assets.
Cardano’s original cryptocurrency, ada
demonstrated resilience and formed a V-shaped recovery pattern after finding strong support for $ 0.684 with a significant purchase volume overnight, according to Coindesk Research’s technical analysis model. This recovery comes in the midst of a broader uncertainty in the market as investors weigh the impact of escalating merchant tensions between larger economies.
ADA is down to 0.45% over the last 24 hours at the press time and traded at $ 0.68, while the wider market meter Coindesk 20 -Index fell 2.1%.
Technical analysis highlights
- Price action formed a V-shaped recovery pattern from the low $ 0.676 to recover $ 0.697 level.
- Strong volume support occurred at $ 0.684 with the highest 24-hour volume of 45.7 million.
- Potential Continuation Against the $ 0.702 resistance level set in the early morning hours.
- Clear up with higher low low low lower established in the early American morning hours, when the volume peaked with 1.17 m.
- Significant volume supported the outbreak over $ 0.697.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
