CARDANO (ADA) $0.700471 It is difficult to hold on support levels due to its price, weak rise tendency and the corrections in the market. According to the current technical indicators, the price continues to remain below certain resistance zones. If a performance similar to the price model in 2020 is repeated, Cardano is expected to have the potential to gain value in the long run. However, the wavy course of market conditions increases uncertainty.
Technical indicators and price levels for the island
Technical analyzes show that the island price is found at the level of 0.60 dollars, and the $ 0.90 level is an important resistance point. RSI (Relative Power Index) is 36 levels in the island, this indicator gives weak momentum signals. It is stated that the downward movement may deepen if the price goes below the current support.
If the island can maintain these support levels and break the resistance zone, the target of $ 1,00 may come up. However, low -volume transactions for the time being reveals that the rise acceleration remains weak. Market observers emphasize that the preservation of support-reward structures can increase the chances of gradual recovery in the short term.
Elon Musk and Charles Hoskinson Claim
According to speculations circulating in the market, Cardano’s founder Charles Hoskinson and Tesla CEO Elon Musk’s integration of the US Treasury into Cardano Blockchain is expected to come together. These claims increased the expectations of the island’s long -term potential.
Analysts recall that similar developments have led to sudden price recovery. Cardano’s advantages of security and scalability can support the island price with possible collaborations.
Such projects for Cardano Blockchain can have a positive impact on the price. However, it should be taken into consideration that such news has not yet received an official verification. Under the current conditions in which the uncertainties in the market continue, investors are careful to be careful.
Market observers, Cardano’nun technical indicators and possible cooperation will clarify the direction, he says. Investors continue to closely monitor these developments in order to evaluate the long -term performance of the island.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
