analytics1_1
Although there is potential for a correction, the overall bias for Cardano is still strengthening toward its nearest resistance level.
Although there is potential for a correction, the overall bias for Cardano is still strengthening toward its nearest resistance level.
Crypto-currencies
2025-11-28 06:27:59
[Cardano]
With the appearance of a Bearish Divergence on the RSI indicates potential for a limited correction in the bullish bias of Cardano, although the overall direction of the cryptocurrency's bias remains upward.
Key Levels
1. Resistance. 2 : 0.44529
2. Resistance. 1 : 0.44021
3. Pivot : 0.43298
4. Support. 1 : 0.42790
5. Support. 2 : 0.42067
Tactical Scenario:
Positive Reaction Zone: If the price of Cardano breaks out and closes above 0.43298, there is potential for it to continue strengthening to 0.44021.
Momentum Extension Bias: If 0.44021 is successfully broken, Cardano may continue its strength up to 0.44529.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of Cardano falls and breaks down below 0.42067.
Technical Summary:
EMA(50) : 0.43018
EMA(200): 0.42529
RSI(14) : 34.50 + Bearish Divergent
Economic News Release Agenda:
Due to the national holiday of Black Friday, there will be no economic data releases during the U.S. session tonight.
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