- The ADA/USD pair fluctuates between the levels of $0.0800 and the $ 0.1000.
- The crypto is likely to range for a few more days.
ADA/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1000, $0.1100 ¸ $0.1200
- Support levels: $0.0800, $0.0700, $0.0600
Yesterday, June 25, the price of ADA was trading in a sideways trend. The 12-day EMA and the 26-day EMA were trending horizontally. The ADA/USD pair fluctuates between the levels of $0.0800 and the $ 0.1000. From the chart, the crypto’s price had been testing the upper price range to break it. On May 15, the bulls tested the upper price range and price had a downward correction to the support of the EMAs.
This has been the scenario in the month of June. The crypto is likely to range for a few more days. Meanwhile, the price of Cardano is in the overbought region of the daily stochastic but below the 60% range. This indicates that price is in a bearish momentum and a sell signal.
ADA/USD Short-term Trend: Ranging
On the 1-hour chart, the ADA price is in a sideways trend. The 12-day EMA and the 26-day EMA are trending horizontally below the overhead resistance. On June 26, the bulls attempted to break the $0.1000 upper price level but were resisted and the price fell to the support of the EMAs.
Also, the bulls also attempted to break the $0.10500 but were resisted and the price fell below the EMAs. The daily stochastic is in the oversold region but below the 40% range. This implies that price is in a bearish momentum and a sell signal
Live Cardano (ADA) Price:
1 ADA/USD =$0.1427 change ~ -0.30%
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