Up over the past 24 hours. ADA is currently trading at $0.4985 after a 54% and 12% gain over the past 7 days. After a 64% gain.
From ADA/USDT According to the daily chart of the past few weeks, the price trend of ADA is relatively stable. However, there are bullish signs that the ADA price will start to slowly recover.
The first bullish signal is the recent break above the 20EMA at the 9EMA on the daily chart. Another bullish sign is when the MACD line crosses the MACD Power line and the MACD bar chart has a positive slope.
The ADA weekly chart shows 2 key bullish signals that investors should pay attention to. The first positive sign is a MACD cross above the MACD power line. Even so, with the MACD on top, the gradient of the bars also has a positive slope, which is another indicator of good luck checking the MACD.
The second major positive sign is the Relative Strength Index (RSI) crossing the RSISMA line. Also, the RSI is in the oversold zone and it is closest to the bear market lows.
As things currently stand, ADA could be a good buying opportunity for smart investors given its long-term prospects. With all the developments the team has made during the Cardano bear market and the boost the Cardano network has gained, the current price of ADA does not do justice to its intrinsic value.
Bullish signals in the ADA weekly and daily charts could be the first signs of things to come. The upcoming VasilHardFork event further proves this.
