Cardano (ADA) Technical Analysis – Will the ADA/BTC Pair Resume the Bull Run?
cryptogazette.com
If the indicator shows the oversold and sustains the uptrend towards the midline, the ADA/BTC trading pair will ultimately breakout from the wedge and then switch the focus to the major 50-day EMA at 0.00001 BTC. A peek at Cardano’s on-chain metrics, more so into the new addresses appearing in the network, might suggest that Cardano is on its way to resuming the uptrend.
The ADA/BTC pair has a buy signal in both the daily and 12-hour charts, but the resistance at 0.000008 BTC is not yet prepared to give the bulls an easy pass for earnings targeting 0.00001 BTC. If short-term support at 0.00000745 BTC withers, the ADA/BTC pair may extend the bearish move further down.
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