2025-2-11 00:30 |
Cardano (ADA) price remains in a consolidation phase after dropping more than 25% over the last 30 days as it struggles to reclaim the $25 billion market cap threshold. Despite signs of stabilization, indicators still reflect lingering bearish pressure.
The Ichimoku Cloud setup also suggests ADA is struggling to build momentum, with price trading near key levels but failing to break decisively higher. However, if bullish momentum returns, ADA could test resistance at $0.82, with a breakout potentially leading to a recovery toward $1.16, representing a 67% upside.
Cardano BBTrend Is Recovering From Recent Lows, But It’s Still Very NegativeCardano BBTrend indicator is currently at -9.4, showing a steady recovery from its recent low of -28 just five days ago. Despite this rebound, the indicator remains in negative territory and has now been negative for six consecutive days.
This suggests that while bearish pressure is easing, ADA has yet to establish a clear shift in momentum. Without stronger bullish signals, the recovery could stall, keeping price action under pressure.
ADA BBTrend. Source: TradingView.BBTrend, or Bollinger Band Trend, measures the strength and direction of a trend using Bollinger Bands. Values below zero indicate bearish conditions, while positive values suggest bullish momentum.
With ADA BBTrend still at -9.4, the market remains in a downtrend despite recent improvements. If the indicator continues rising, it could signal a trend reversal, but as long as it stays negative, ADA price may struggle to build sustained upward momentum.
Ichimoku Cloud Shows ADA Is Struggling To Build MomentumCardano Ichimoku Cloud setup reflects a market struggling to gain momentum, with price trading near the baseline (red line) and conversion line (blue line).
The lagging span (green line) remains below the price, reinforcing that ADA has yet to show any strong bullish signs. Price has remained mostly below the cloud, signaling ongoing weakness, with no clear break above key levels.
ADA Ichimoku Cloud. Source: TradingView.The future cloud (Kumo) remains thin and bearish, with the leading span A (green cloud boundary) below the leading span B (red cloud boundary).
A thin cloud suggests weak trend strength, meaning ADA price could continue in a choppy, indecisive pattern. Until price can break above the cloud and hold, upside potential remains limited, and bearish momentum could persist.
ADA Price Prediction: Will Cardano Recover December 2024 Strong Uptrend?Cardano (ADA) EMA lines continue to signal a downtrend, with short-term moving averages positioned below long-term ones. This bearish setup suggests that unless momentum shifts, Cardano price could extend its decline toward $0.50.
The persistent weakness in EMA alignment indicates that sellers still have control, and a failure to stabilize could accelerate losses.
ADA Price Analysis. Source: TradingView.However, BBTrend suggests that the downtrend may be easing, opening the possibility of a trend reversal. If ADA can regain bullish momentum, it could push toward the $0.82 resistance level, with a breakout paving the way for a move to $0.98.
If ADA can recover the good momentum from December 2024, it could reclaim levels around $1.16, representing a potential 67% upside.
The post Cardano (ADA) Price Struggles to Rebound as Indicators Remain Negative appeared first on BeInCrypto.
origin »Cardano (ADA) на Currencies.ru
|
