Ichimoku Cloud: trend$ADA may change soon
The Ichimoku cloud chart for ADA shows a relatively stable upward trend. The price is trading above the cloud (Senkou Span A and B), indicating a bullish momentum.
The Tenkan (blue) and Kijun (orange) lines are close to each other, reflecting consolidation after recent growth. The cloud provides strong support, as its upward structure reinforces bullish sentiment. However, the narrowing gap between the Tenkan and Kijun lines indicates weakening momentum and may lead to a short-term pullback. If ADA fails to stay above the Kijun line, it may test the upper boundary of the cloud as support. If the price continues to rise above current levels, it will confirm the continuation of the upward trend.
