ADAUSD Price Analysis – June 30
Trading up to about 45% towards the previous day’s candle low, the cryptocurrency managed to reverse during the session as bulls may take control while starting the day above its closing price.
Supply Level: $0.060071, $0.077482, $0.085385
Demand Level: $0.101230, $0.097297, $0.094701
ADAUSD Long term Trend: Bullish
After trending down to the level at $0.0861 earlier during the day, Cardano has bounced off the key technical supply zone temporarily on the level at $0.0853.
The market found instant buyers again around the same level for the 4th trading day in a row after having foreseen demand on the level at $0.0851 in the prior session and $0.0823 three days ago.
ADAUSD Short term Trend: Bullish
Although things may look slightly different on the daily time frame, the 4-hour time frame range has been way above the usual and above the last day trading range.
The shorter-term volatility is currently higher than usual for ADAUSD, and the trend as seen is bullish, showing an intact uptrend in the short term.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results