ADA price steadies at $0.7264 after testing a low of $0.7193, with growing buyer interest potentially fueling a short-term rebound.
ADA Holds Above Key Intraday Support
Cardano (ADA) is currently trading at $0.7264, showing a mild gain of +0.18% on the 15-minute chart. After a sharp decline earlier in the session, the price found support at $0.7193 and has since stabilized. According to the trader's post on Twitter, this zone is seen as a potential rebound area, with price action signaling a pause in bearish momentum.
Buyer Strength at 51% Could Spark ADA Recovery
The post highlights that buyer strength now stands at approximately 51%, indicating a possible shift in market sentiment. While ADA hasn't yet reclaimed higher resistance levels like $0.7350, the ongoing accumulation near the bottom range suggests bulls may be preparing for a bounce.
However, without a clean breakout above short-term resistance levels, the current move remains tentative.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Cardano (ADA) Price Eyes Bounce from Local Support Zone
ADA price steadies at $0.7264 after testing a low of $0.7193, with growing buyer interest potentially fueling a short-term rebound.
ADA Holds Above Key Intraday Support
Cardano (ADA) is currently trading at $0.7264, showing a mild gain of +0.18% on the 15-minute chart. After a sharp decline earlier in the session, the price found support at $0.7193 and has since stabilized. According to the trader's post on Twitter, this zone is seen as a potential rebound area, with price action signaling a pause in bearish momentum.
Buyer Strength at 51% Could Spark ADA Recovery
The post highlights that buyer strength now stands at approximately 51%, indicating a possible shift in market sentiment. While ADA hasn't yet reclaimed higher resistance levels like $0.7350, the ongoing accumulation near the bottom range suggests bulls may be preparing for a bounce.
However, without a clean breakout above short-term resistance levels, the current move remains tentative.