ADAUSD Price Analysis – June 27
Cardano’s ADA would require the push up from the broader crypto market to penetrate the upside zone of its key technical zone. And failure to move back through the first major levels could see Cardano’s ADA hit a retreat.
Supply Level: $0.066120, $0.075094, $0.087051
Demand Levels: $0.120000, $0.110000, $0.105322
ADAUSD Long term Trend: Bullish
The retreat from the first key technical demand zone on the level at $0.105322 to the level at $0.090765 level may support another run towards the level at $0.105322 area again later today.
A specific choppy path of the pair early today saw the ADAUSD rally towards the upside during the previous session around the level at $ 0.110000 area before hitting a retreat. The pair will need to break out from the level at $0.105322 area to maintain the bullish bias.
ADAUSD Short term Trend: Bullish
In a volatile session, the price has traded below the previous session’s low. And after trading as low as towards the level at $0.087051 area, the cryptocurrency found support early in the supply trend line channel of the 4-hour chart.
The trend may remain bullish and showing an intact uptrend in the medium and short term.
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