Geopolitical tensions and regulatory uncertainty continues to shape cryptocurrency markets like Cardano
Experiencing volatile price action between $ 0.664 and $ 0.690. Despite strong networking foundation, including over 110 million total transactions, ADA faces a pressure down in the midst of wider market concerns for inflation and monetary policy decisions.
Technical analysis
- ADA-USD exhibited a fleeting 24-hour trade area 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 within 01:00 hours.
- Strong support established at $ 0.665 with the remarkable purchase pressure that emerged at 10:00 and 12:00 hours.
- 4-hour moving average suggests a light bearish bias, with price currently testing the middle class level around $ 0.672.
- Clear Resistance Zone formed about $ 0.676 with tip volume during 13: 36-13: 40 period.
- Pullback for $ 0.668 at. 14:00 established a new support level, with immediate purchase pressure push prices back over $ 0.671.
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