🚀🚀🚀Cardano price signals buy, but will bulls comply?
Cardano might rise 11% if it breaks $0.465.
Above the $0.477 swing high, ADA will confirm an uptrend.
A second scenario has the “Ethereum-killer” falling to $0.422 before trying $0.510.
Cardano (ADA) is in a reversal zone, but other variables may hinder a positive turn. Investors must monitor immediate levels to assess ADA bias.
Cardano price has reversed numerous times at $0.422 and $0.432, causing a double-digit rise. ADA trades at $0.456, undoing a local peak of $0.511 achieved in mid-May.
The latest Cardano price lower low does not match the RSI higher low, signaling a bullish divergence. The momentum is growing, but the asset's price is not.
After making the swing low on June 2, ADA rose 5% and may continue. Cardano price must exceed $0.465 and create a higher high than the $0.477 swing point. If successful, this move would break the bearish market structure and start the bullish one. Such a situation would force ADA to reconsider $0.496 and $0.510.
First time since May 23, the 4-hour chart RSI has broken the mean level of 50. A bullish turn would occur if momentum maintains this crucial barrier. However, from $0.455 to $0.511, the position would earn 11%.
Santiment's Network Realized Profit/Loss (NPL) indicator showed a significant collapse on May 30. These incidents occur when ADA holders sell tokens at a loss to avert losses. Patients and long-term investors await these discount accumulation chances.
History suggests that Cardano price spikes preceded severe NPL drops. If this pattern repeats, ADA may rise. This matches the technical 11% rally projection.
The aforementioned view is reasonable, yet positive divergence drives Cardano's price. To be safe, investors should contemplate ADA failing to accomplish this. A retest of $0.432 and $0.422 would be great entry points. A sweep of these levels and a return above $0.432 would indicate a reversal. Cardano might try again for $0.511.
