the MACD also portraying uncertainity and consolidation

31. Mai

The Cardano price chart was an intense match among bulls and bears, initially, bulls had control, but later shift in the wind dropped the game in bears' favor.
At press time, the ADA price has traded in a darvas box consolidation range at $0.4510 with an intraday surge of +1.02%, with a market capitalization of $16.08 Billion.
Similarly, based on the positive tweets, the ADA asset daily chart shows that it has been consolidating at $0.4200 support and remains below the 20-day, and 50-day EMAs, portraying uncertainty on the daily chart.

Likewise, the MACD also portraying uncertainity and consolidation in the price as both lines are side by side, with a no growth in histogram and the RSI flashed at 44.46 which has been near the median line. It portrayed that the Cardano crypto has been trying to hold on at key support, and bulls are defending the level, so ADA has not been a losing steam yet and could sky rocket in future sessions.

Therefore, if the breakout occurs strongly, the next goal for the ADA price could be to reach the above levels, such as $0.6700 and $0.8000.
On the contrary, if the price plunges and breaks the key support $0.4200, then the Cardano crypto price could decline further.