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Cardano price tries to gather positive momentum - Analysis - 15-05-2025
Cardano/USD price (ADAUSD) fell in latest intraday trading after the resistance of $0.8300 held on, with negative signals from the Stochastic as the price tries to gather positive momentum to pierce that resistance, while leaning on the support of the 50-day SMA, amid the dominance of the upward correctional trend in the short term.
Therefore we expect the price to gain ground, provided the resistance of $0.8300 is breached, targeting the psychological resistance of $1.000.
Today’s price forecast: Bullish
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