Despite the support of the support zone, the total trend bearish remains because the ADA price is unable to close above $ 0.74. In the meantime, an increase above the range has quickly activated a huge pullback, making these levels to rise and secure. In the meantime, the Supertrend Beerarish has become, which suggests that the falling trend could prevail for a while. On the other hand, the RSI has returned from the lower threshold, indicating an increase in the strength of the rally. As a result, the ADA price seems to be ready to surpass $ 0.69 in a short time, but the question remains whether it could make it above $ 0.73.
The price of Cardano is currently in a technical tug of war where bulls defend a structurally important floor for $ 0.61 but are unable to break the resistance. Until this structure finds some solution, the current trade condition can prevail, which could probably dictate the next important step of ADA.