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TimesTabloid 2025-03-15 16:56:00

Cardano (ADA) at a Turning Point as Buyers and Sellers Battle for Control

Cardano (ADA) at a Turning Point as Buyers and Sellers Battle for Control

Over the last 24 hours, ADA has fluctuated between $0.730 and $0.755, currently trading around $0.7523. The price remains under pressure after dipping below $0.720, and despite recovery efforts, resistance near $0.7750 continues to pose a challenge. Cardano Price Action After bouncing from the $0.650 support level, ADA has struggled to build upward momentum. It remains below $0.770 and the 100-hour Simple Moving Average (SMA), indicating weak buying strength. Additionally, it is also trading below the 200 EMA line with resistance at $0.7514 on the ADA/USDT hourly chart, further limiting potential gains. Key Support and Resistance Levels For ADA to gain bullish momentum, it must clear the $0.7750 resistance level. A successful breakout could drive the price toward $0.800, with the next major hurdle at $1.00. If buyers sustain momentum beyond this point, further gains toward $1.20, $1.25, and $1.35 could follow. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Conversely, immediate support is around $0.720. Losing this level may push ADA back to its recent low of $0.650. If selling pressure increases, additional support zones lie at $0.620 and $0.600. A stronger downtrend could expose the cryptocurrency to deeper losses, with critical support around $0.580 and $0.550. Technical Indicators Reflect Uncertainty Market indicators show mixed signals. The hourly RSI is hovering near the neutral 50 level, signaling indecision among traders. Meanwhile, the MACD suggests bearish momentum, making it difficult for ADA to overcome resistance. The low trading volume further reinforces market uncertainty . Market Outlook To shift toward a bullish trend, ADA must reclaim $0.7750 and hold above it. Traders should monitor key levels closely, as a breakout past $0.7750 or a drop below $0.720 could determine the cryptocurrency’s. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Cardano (ADA) at a Turning Point as Buyers and Sellers Battle for Control appeared first on Times Tabloid .

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