$ADA Cardano Shows Potential Despite Recent Dip as Bulls Keep Watch๐ฅ๐ฅ
Cardano (ADA) is trading between $1.06 and $1.33, experiencing a 5% drop over the past week. Despite this, it has surged 91% in the last month and 164% over six months. The Relative Strength Index is at 42, indicating neutral market conditions, while a Stochastic value of 10 suggests it may be oversold. With the nearest resistance at $1.46 and support at $0.92, the next move is crucial. If it breaks the resistance, it could reach the second level at $1.73, offering significant growth potential. The Simple Moving Averages for 10 and 100 days are close, signaling possible trend changes.
These factors make Cardano a cryptocurrency worth watching closely
