ADAUSDT 1H

ADAUSDT 1H
Cardano has broken upwards of the bearish channel and continues its journey towards the target of 0.4611 (expected for April 25th). MACD is too bullish and the RSI is overbought.
• There is speculation surrounding Cardano's Milkomeda, an EVM layer upgrade that will give Cardano users access to EVM smart contracts via their Cardano wallets, which I believe will continue the bullish pattern imposed in recent hours.

Here are the supports and resistances:
Supports 0.4370 / 0.4296
Resistances: 0.4462 / 0.4505

RSI : Seller
MACD: Buyer
MM200: 0.4267
EMAS : Neutral, which may indicate an accumulation period

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Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.

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