[ad_1]
The price of Cardano (ADA) has increased by 195.11% in the past 30 days, reflecting strong growth momentum. However, key indicators such as ADX and EMA suggest that the current trend may be losing strength.
ADA could still move towards resistance at $1.15 and has the potential to reach $1.20 if the uptrend regains momentum. Conversely, a trend reversal could lead to a sharp correction, with the price possibly dropping to $0.51.
Cardano’s current uptrend is no longer strong
Cardano’s DMI chart shows ADX at 24, down significantly from 60 not too long ago. ADX, or Average Directional Index, measures the strength of a trend, regardless of direction, with values ​​above 25 indicating a strong trend and below 20 indicating weak momentum.
The decline in ADX signals that the ADA uptrend is losing strength and could enter a convergence phase unless growth momentum increases.
With D+ at 22.5 and D- at 19, the positive directional indicator (D+) still prevails over the negative indicator (D-), showing that the uptrend is still maintained but is weakening. weak. The narrow gap between D+ and D- reflects the reduced dominance of buyers, suggesting that the market could turn neutral or even bearish if selling pressure increases.
For ADA to maintain its uptrend, D+ needs to strengthen, pushing ADX back above 25 to confirm new momentum.
The Ichimoku Cloud shows that the trend may change soon
The Ichimoku Cloud chart for ADA shows a relatively steady uptrend, with prices trading above the cloud (Senkou Span A and B), pointing to strong bullish momentum.
The Tenkan-Sen (blue line) and Kijun-Sen (orange line) lines remain close to each other, reflecting convergence after recent rallies. The cloud itself provides strong support, as its rising structure reinforces bullish sentiment.
However, the narrow gap between Tenkan-Sen and Kijun-Sen suggests weakening bullish momentum, which could lead to a short-term pullback.
If ADA fails to hold above Kijun-Sen, it could test the upper cloud as support. Conversely, if gains sustain above these thresholds, it would confirm a continued uptrend, with room for further growth.
ADA Price Prediction: 49% Correction Possible
Cardano’s EMAs still show an uptrend, with the short-term lines above the long-term ones, suggesting an ongoing bull cycle.
However, the narrow gap between these lines signals that the bullish strength may be about to fade away, unless there is strong participation from buyers.
If Cardano price regains uptrend strength, it could test resistance at $1.15, with the potential for a rally up to $1.20, which would mark the highest price since March 2022.
However, indicators like the Ichimoku Cloud and ADX hint at a possible trend reversal. If the uptrend breaks, ADA price could face a sharp correction, possibly dropping to $0.51, which would represent a 49% drop from the current price.
General Bitcoin News
[ad_2]
