Cardano is there
The token traded at $ 0.5679, down 2.78% in the past 24 hours, after a earlier price rebound, according to the technical review model of Coindesk Research.
Despite a brief pushing higher in the last half of the session, ADA failed to maintain the upward momentum and slipped towards a sunny day.
Throughout the day, the bearish structure continued, with lower highs capping each recovery attempt. The token struggles to recover traction even though a broader crypto sentiment has improved in geopolitical development. The ADA was caught behind peers during the recent market bounce, keeping the pressure on close support.
Investors are now watching if ADA can defend deeper structural levels at $ 0.55 to $ 0.50 zone, as the broader market reacts to both the tensions and economic data that point to slower trade activity in the world.
Technical assessments
- ADA exchanged within a 24 -hour range of $ 0.0175 (3.01%) from $ 0.5928 to $ 0.5753.
- Price action is formed by a downward channel with lower highs and lower lows.
- The well-known high-volume-off seller took place during the time of 6 o’clock when Ada reached the low intraday.
- Ada briefly bounce from $ 0.5753 to $ 0.5835 within 13:00 hours, posting the maximum time -oras amount of time (63.5m).
- At the last hour of the review window, ADA gained 1.04%, rising from $ 0.577 to $ 0.583.
- Breakouts above $ 0.582 and $ 0.585 during this rally were addressed by immediate objection.
- The 13:45 candle saw the largest amount of time spike in the 3.78m unit.
- A minor pullback followed, with a price drop from $ 0.585 to $ 0.582 around 13:51.
- Consumers enter to defend the level of $ 0.581, temporarily stabilizing price action.
- After the rally stopped, Ada refused nearby, reaching a session of less than $ 0.5679.
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