The Vasil fork has been successfully implemented, but the market reaction was under influence of the macro news during the previous week. Cardano`s price was pushed down to the level of $0.42 at the beginning of the week, but it soon reverted to the upside and to the highest weekly level at $0.48. Resistance line at $0.5 has not been clearly tested. ADA is finishing the week modestly above $0.45 support.
RSI had modest moves between 42 and 46. Market is moving in the middle of the road, without a clear picture whether it is heading toward the overbought or oversold side. Moving averages of 50 and 200 days continue to move as two parallel lines with the down trend.
Charts are pointing that at this moment ADA does not have enough strength to move to either up nor down side. In this sense, there is a high probability that the coin will continue with its side trading, moving between $0.5 resistance and $0.45 support line.
RSI had modest moves between 42 and 46. Market is moving in the middle of the road, without a clear picture whether it is heading toward the overbought or oversold side. Moving averages of 50 and 200 days continue to move as two parallel lines with the down trend.
Charts are pointing that at this moment ADA does not have enough strength to move to either up nor down side. In this sense, there is a high probability that the coin will continue with its side trading, moving between $0.5 resistance and $0.45 support line.
