ADA CARDANO

salam aleykum...

#Cardano is in a tight spot between the 20-day exponential moving average at 0.47 and the support line, indicating an imminent breakout.

The direction of this breakout remains uncertain, so it is prudent to wait for a clear directional move before committing to any major trades. If the price rises above the 20-day #EMA , the pair #ADA/USDT could rise towards the 50-day simple moving average at 0.53, followed by a potential target at 0.57.

On the contrary, a turn lower with a break below the support line would affirm the dominance of the bears in the market. In such a scenario, the pair could decline to 0.40, a critical support level to monitor. A breach below this level could lead to further declines towards 0.35.