This is the Price Prediction for Cardano 0.25: it Will Rise to this Support

ADA price is flashing a buy signal ahead of the next breakout in ADA price based on a key technical indicator. Bulls should consider doing so if they decide to book new long positions.

The price of ADA has stabilised after a gruesome August, which saw it decline from highs of around $0.31 to an important support level of $0.25. ADA’s price has been stuck within a range, with $0.275 as its upper limit.

Cardano live price currently moves in a narrower range channel, but it is capped at $0.26.

Nurses Lose at ADA Price Before Breakout

Within the last three weeks, the price of ADA has been stabilizing over $0.25 as a result of holding above support. The bulls have been trying to weaken the wider range limit in order to sustain the uptrend, but they have not been able to generate enough momentum to do so.

When prices trade sideways within a narrower range, neither buyers nor sellers are in the driving seat. Depending on how investors respond to the bullish advice of the Moving Average Convergence Divergence (MACD) indicator and book Cardano positions ahead of the upcoming sell-off, this stalemate could be resolved in the near future.

By crossing the blue MACD line above the signal line, the momentum indicator signals a buy signal by signaling a crossing above it. Nevertheless, this is not sufficient; the indicator should move upward in a positive direction toward the mean line (0.00) and into a territory associated with positive levels.

At the moment, traders may not be able to make any money trading Cardano, especially with the extremely choppy market that continues to exist. Despite this, it is possible to see a few profitable opportunities within the wider range of prices if the price breaks above the 50-day Exponential Moving Average (EMA) at $0.2584 as well as the narrow range limit.

It is worth noting that new buy orders may start going live above the 50-day EMA, with a stop loss at $0.25 or slightly lower. A breakout of this type would be accompanied by increased volume on the upside. As the price of ADA approaches the 100-day exponential moving average (blue), some traders may decide to book profits, but others might prefer to hold the position until the range limit of $0.275 is reached.

After the Relative Strength Index (RSI) on the daily chart went through an oversold region, it was followed by a recovery in the Relative Strength Index (RSI). Although the market structure of Cardano is weak due to a weak supply/demand equation, bulls still have a strong influence on the price.

To ensure that ADA continues to trend up, more money must be invested into the token, which will help build momentum for the token. In the current state of affairs, the On-Balance Volume indicator indicates that there is an equal number of inflows as well as outflows, canceling one another out and making ADA prices unliquid.

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