Cardano (ADA) price climbed 193.65% over the last 30 days and 37.82% in the past week. Despite this impressive rally, indicators suggest that ADA’s uptrend may be losing steam. The ADX, which measures trend strength, has dropped from over 60 to nearly 45, signaling weakening momentum even as the uptrend remains intact.
With whale accumulation stabilizing and prices approaching key EMA levels, ADA faces a critical moment that could lead to either a test of its highest price since 2021 or a potential 48% correction if bearish pressure grows.
ADA Uptrend Appears to Be Losing Steam
Cardano ADX currently sits at nearly 45, having declined from over 60 just a few days ago. The ADX, or Average Directional Index, measures the strength of a trend, with values above 25 indicating a significant trend and values above 40 suggesting a very strong one.
Although an ADX of 45 still reflects strong momentum, the drop from 60 signals a weakening in the trend’s intensity, even if the direction remains unchanged.
Currently, ADA is in an uptrend, supported by its directional indicators. The decline in ADX suggests that while the uptrend remains strong, the bullish momentum has begun to lose some of its strength. If the ADX continues to drop, it could indicate that the current uptrend may flatten or reverse if selling pressure grows.
However, with an ADX still well above 25, the trend remains meaningful, and Cardano price is likely to retain its bullish bias for the near term unless further weakening occurs.
Cardano Whales Stopped Accumulating
Whales began accumulating Cardano heavily sta
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Author: Tiago Amaral
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