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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.

Read in Full: cryptogazette.com
Bitcoin ADA
$ 0.6554
Bitcoin BTC
$ 70185.86

Timeline of Cardano, Bitcoin

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Bitcoin Bitcoin
70215.0000 -0.79%
Ethereum Ethereum
3554.80000 -0.81%
BNB BNB
614.775000 4.91%
Solana Solana
186.069000 -0.14%
XRP XRP
0.62746700 0.79%