ADA spikes 4.3% to $0.22, but the SuperTrend flips bearish.
Cardano’s ADA rose 4.3% on Wednesday, lifting price above $0.22.
Ali Martinez says the SuperTrend indicator, a technical analysis tool, turned bearish; the last similar signal on May 22 was followed by a 46% correction, though that result isn’t guaranteed.
Large Cardano holders (100 M‑1 B ADA) have held steady for 10 days, showing no clear buying or selling intent.
Support at $0.21; a daily close below could lead to $0.17.
Trend Rider says a weekly close above $0.31 would flip bullish, while a close below $0.20 would target $0.17 and $0.14.
Hoskinson unveiled Quinelings, self‑replicating digital creatures that blend code with a mathematical structure; it runs locally and isn’t on npm.
He also mentioned a Cardano language for intents and privacy‑preserving computation using Groth16 proofs.
Given these mixed signals, do you view ADA as a short‑term buy or a wait‑and‑see?
#Cardano #ADA #Crypto #TechnicalAnalysis
Cardano’s ADA rose 4.3% on Wednesday, lifting price above $0.22.
Ali Martinez says the SuperTrend indicator, a technical analysis tool, turned bearish; the last similar signal on May 22 was followed by a 46% correction, though that result isn’t guaranteed.
Large Cardano holders (100 M‑1 B ADA) have held steady for 10 days, showing no clear buying or selling intent.
Support at $0.21; a daily close below could lead to $0.17.
Trend Rider says a weekly close above $0.31 would flip bullish, while a close below $0.20 would target $0.17 and $0.14.
Hoskinson unveiled Quinelings, self‑replicating digital creatures that blend code with a mathematical structure; it runs locally and isn’t on npm.
He also mentioned a Cardano language for intents and privacy‑preserving computation using Groth16 proofs.
Given these mixed signals, do you view ADA as a short‑term buy or a wait‑and‑see?
#Cardano #ADA #Crypto #TechnicalAnalysis