ADAUSDT Weekly Technical Analysis of Cardano
Cardano's price has been hovering between $ 20.04 and $ 1.87 support for the 20-day moving average. Although sellers successfully defended the 20-day moving average, they failed to bring Cardano below $ 1.87; This means that buyers buy at lower levels.
Buyers are pushing Cardano above the 20-day moving average, and the relative strength index is moving in the positive direction, indicating that the downtrend in the market has eased. Currently, the situation is such that one can expect a jump to the resistance line.
Closing prices above this resistance indicates that buyers have once again increased their activity in the market. $ 2.47 is a potential price target and we may see heavy resistance at this level.
On the other hand, if the price falls below the downtrend line, sellers will try again to bring Cardano below $ 1.87.
Resistance: 2.47
Supports: 2.04 - 1.87
Buyers are pushing Cardano above the 20-day moving average, and the relative strength index is moving in the positive direction, indicating that the downtrend in the market has eased. Currently, the situation is such that one can expect a jump to the resistance line.
Closing prices above this resistance indicates that buyers have once again increased their activity in the market. $ 2.47 is a potential price target and we may see heavy resistance at this level.
On the other hand, if the price falls below the downtrend line, sellers will try again to bring Cardano below $ 1.87.
Resistance: 2.47
Supports: 2.04 - 1.87
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