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Will Cardano continue its decline and reach its nearest support level? Friday, August 01, 2025.
Will Cardano continue its decline and reach its nearest support level? Friday, August 01, 2025.
Crypto-currencies
2025-08-01 06:02:51
Cardano – Friday, August 01, 2025.
With the EMA (5) which is below the EMA(200) and the RSI (14) indicator at Extreme Bearish levels, Cardano has the potential to experience significant pressure throughout the day.
Key Levels
1. Resistance 2: 0.80322.
2. Resistance 1: 0.77607.
3. Pivot: 0.76078.
4. Support 1: 0.73363.
5. Support 2: 0.71834.
Tactical Scenario
Pressure Risk Zone: If the price breaks down and closes below 0.73363, Cardano has the potential to continue its decline to 0.71834.
Momentum Extension Bias: If the 0.71834 level is successfully broken and closes below it, then, if volatility and momentum are favorable, this cryptocurrency will continue its decline to 0.69119.
Invalidation Level / Bias Revision
Downside bias is maintained if the price suddenly strengthens and breaks through and closes above 0.80322.
Technical Summary
EMA(50): 0.75870.
EMA(200): 0.78168.
RSI(14): 19.46.
Economic News Release Agenda:
Tonight, there are significant data releases from the United States: US Non-Farm Payrolls and the US Unemployment Rate at 19:30 WIB.
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