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Adaprice

ADA clears off parallel channel, up or down?Cardano, a significant cryptocurrency in the market, was having its price fluctuating in the last week. With varying highs and lows, the price was moving in a broad range within $1 and $2. However, the movements became steady in the past few days. It was moving between $1.65 and $1.7. Earlier today, the price diverted upwards from this range approaching a $2 mark. As soon as it touched $1.74, it began dipping with stagnant bearish candles. Following this, the price surged to 1.72. Currently with bears in hand the price might dip down if they close at lower values to $1.70. In the coming hours, if some bulls fall in place the price might sail high. RSI begins to drop near 58, buying pressure adheres. Resistance level seen at $1.69 Support levels fall at $1.67
KRAKEN:ADAUSD
by COINPEDIA

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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