ADA revisits the 0.600 cradle inside a broad falling channel. Cardano price still respects its macro trendline; vaulting 0.68 would hint at a shift toward 0.75-0.80, yet a breakdown exposes next support at 0.55.Trade active
ADA drifts inside a well-defined falling channel, parking just above the confluence of the lower rail and long-term trend-support at 0 62. A push through 0 68 would stage a channel breakout, projecting to 0 71 (horizontal pivot) and 0 74-0 75 where the 200-EMA coincides with April supply. Should 0 62 cave in on volume, bids thin out quickly toward 0 58 and the March capitulation wick at 0 55 – a zone buyers cannot afford to lose without rewriting the longer-term bullish script.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.