Can the Cardano course stay at $ 0.55 or will it soon go down to $ 0.40?

Cardano (there) Preis Has difficulties to assert itself, since the general market mood remains uncertain about what causes traders to ask themselves whether this popular altcoin has found its floor or whether there is even more downward potential. With prices that move by $ 0.55, and technical signals that provide mixed clues, investors look at important levels to see if the ADA price Show a short -term recovery or fall further. In this analysis we will break down the daily diagram, pivot points, RSI signals and potential scenarios to help them decide what next Cardano's price movement could come.

Cardano Course forecast: What does the Cardano daily diagram show?

Ada/USD daily diagram – Tradingview

When looking at the daily diagram for Cardano (ADA/USD) Let's see that the ADA price at about 0,559 $ is traded. The diagram uses Heikin-Ashi candles that help to smooth trends and shows that the ADA price has been in a constant downward trend since the beginning of June. The price tests important fibonacci retracement levels with visible pivot points 0,5 $, 0,618 $ and 0,786 $.

Is Cardano course oversold?

The relative strength index (RSI) is about 33what indicates that the Cardano-Preis approaches the oversized area (under 30 is considered oversold). An upswing often occurs when the RSI is so low. Historically, Ada's RSI rarely stays under 35 for a long time without a short -term recovery. This indicates a potential for at least technical recovery.

Where are the next goals?

The plotted pivot points indicate that the next level of resistance is around:

0,618 Fibonacci at about 0,61 $
0,5 Fibonacci at about 0,68 $

If ADA holds the current level and the RSI turns up, we can get a short -term movement back towards 0,61 $ bis 0,68 $ expect.

For example: if the Cardano Prize from 0,56 $ on 0,68 $ climbedthat corresponds to a profit of about 21 %. However, if ADA is not over 0,55 $ remains, the next strong support is about 0,50 $ and potentially as low as 0,40 $ Based on the next Pivot (S3) Level.

How strong is this trend?

The overall trend is still bearish, such as the downwardly inclined candles and the RSI, which remains under its moving average (yellow). Buyers must ADA price About the area 0,61–0,68 $ Drive to achieve a real trend reversal.

Cardano Course forecast: upswing or collapse?

The ADA price is located near the oversized area and could experience an upswing when buyers intervene.

A breakthrough over 0,61 $ Could the way too 0,68 $ open.
If the support at 0,55 $ fails, is a decline in the direction 0,50 $ or even 0,40 $ to be expected.

Dealers should observe the RSI on signs of a reversal and the zone around 0,55 $ keep an eye on. Risk management is crucial in this sideways to bear setup.