Discover the latest signals indicating a possible reversal in Cardano's price trend. Technical analysis suggests a move towards an upward trajectory.
Cardano (ADA) has experienced an 8% decrease in the past 30 days but saw a 3% growth in the last 24 hours. Technical indicators suggest a possible shift towards an upward trend after a recent downward pressure. The Bollinger Bands Trend indicator has turned positive, indicating reduced selling pressure and increased buying momentum. The Directional Movement Index (DMI) also shows a weakening bearish trend, with the Average Directional Index (ADX) dropping, signaling a potential shift towards an upward trend.
