Cardano risk a 6.5 % decrease if support is $ 0.90 – can this happen? star-news.press/wp

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ADA can decrease by 6.5 % if it closes a daily candle less than $ 0.90. The volume of futures trading reached the highest level in five months of $ 6.96 billion, which originally raises increasing attention.

It was four consecutive days of the side movement of Cardano (ADA), but merchants’ interest in assets has risen. Ada’s sharp low prices have pushed or broken.

The current price and the standard height in futures

On August 18, the price of Cardano fell by 3.5 %, and reached the lower limits of unification at $ 0.91.

Despite the severe decrease, the investor and traders have increased, with the trading volume increased by 12 % compared to the previous day.

Not only that, a good follower Encryption expert The data that shows that the size of ADA futures trading reached the highest level in five months amounted to 6.96 billion dollars.

This significant increase in futures size reflects strong interest and confidence between merchants and institutions, and may pave the way for an equivalent step.

Although the price is unified within a narrow range, the rise in trading indicates a possible transformation in the market activity.

Along with this, expert It was also noticed in a publication that the TD’s serial technical index has now pulled a buying signal, which hints to the potential prices.

Cardano: Prices and Technical Analysis

Ambcrypto’s technical analysis reveals that Cardano’s Ada price was hovering in a narrow range ranging from $ 0.90 and $ 0.96 during the past four days.

During this period, every time the origin touches the lower borders, it witnessed ascending momentum, a step that may be repeated in the coming days.

Source: TradingView

On the daily chart, it has not been confirmed whether this sudden fall will lead to an additional negative movement, but this will be possible only if the lower boundaries are broken.

If ADA closes a daily candle less than a level of $ 0.90, there is a strong possibility for a decrease of more than 6.65 %, with a decrease in the price to $ 0.835.

On the other hand, if the price keeps this level, the date may be repeated and the sign of $ 0.969 again.

However, a large rally will not occur unless the origin of the upper limits of 0.969 dollars, which may increase the price of 28 %.

Although ADA is in the Make-AR-Break mode, the supertrend index is still in green and hovering above the price, indicating that the original remains in the direction of ascension.

Metric flash on the series mixed feelings

Given the current market morale, it seems that investors and their long -term holders accumulate symbols and benefit from low prices.

Coinglass data from the series analysis tool shows that, over the past 24 hours, ADA has been transferred with a value of $ 25.94 million of stock exchanges, indicating a possible accumulation.

This can help reduce negative momentum and restore purchase pressure.

Source: Coinglass

Merchants closely follow the current trend by betting on the declining side. Nowadays, the main liquidation levels reach $ 0.876 on the bottom side and $ 0.928 on the upper side, where merchant traders are excessive.