While major cryptocurrencies like Bitcoin and Ethereum navigate key price levels, Cardano (ADA) is carving its own path. The asset is currently consolidating within a critical range, with technical indicators and upcoming network developments suggesting a potential decoupling from broader market weakness.
Trading around $0.36, ADA has seen a weekly decline of approximately 8.5%. This follows a mid-January peak near the $0.40 mark. However, the selling pressure has moderated, with losses since the start of the current week narrowing to about 3.4%.
A notable technical signal has emerged on the 12-hour and daily charts: a bullish divergence. Here, the Relative Strength Index (RSI) is forming higher lows even as the price establishes lower Read more…
