Cardano Gains Momentum as Selling Pressure Eases

Cardano (ADA) has seen a slight recovery in the last 24 hours, gaining momentum after a period of downward pressure. While its monthly performance remains in negative territory, recent technical signals suggest that selling pressure is easing, and buyers may be stepping in.

One key indicator, the BBTrend, has turned positive after six consecutive days in the negative zone. The latest reading, although still low, suggests a possible shift toward bullish momentum. The BBTrend tracks price movement relative to Bollinger Bands, where positive values indicate an uptrend and negative values reflect a downtrend. While the current reading remains below the level typically seen in strong breakouts, it marks an early sign that the trend could be turning.

Another signal pointing to a possible reversal is the Directional Movement Index (DMI), which shows that sellers are losing control. The ADX, which measures trend strength, has weakened in the past 24 hours, indicating that downward momentum is fading. At the same time, the +DI has been rising while the -DI has been declining, bringing the two lines close to a crossover. If the positive trend strengthens further, it could confirm a shift toward a more sustainable uptrend.

Despite these encouraging signals, ADA’s broader trend remains uncertain. Its EMA lines suggest the market is still consolidating, and the short-term indicators must show stronger follow-through before a definitive trend change is confirmed. If the bullish momentum holds, ADA could soon challenge its next resistance level, with potential upside toward a key psychological price barrier. However, if selling pressure returns, the price could retest lower support zones.

Investors and traders will be watching closely to see if ADA can maintain its recent recovery and break through key resistance, or if another wave of selling will push prices back down.

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