June 16, 2026

Cardano (ADA) – May 4

Cardano (ADA) - May 4

Cardano (ADA) - May 4

Cardano (ADA) – May 4

Cardano / TetherUS BINANCE:ADAUSDT
readCrypto


Cardano (ADA) - May 4

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(ADAUSDT 1W Chart)


snapshot

Above 1.0520-1.3190: Expected to create a new wave.

It fell from 1.0520 and entered a downtrend in the mid- to long-term.

To break out of the downtrend, you should sideways in the 0.6611-1.0520 zone.

(1D chart)
Resistance: 1.0520-1.3190

Support: around 0.6611

Buying at the current price point is not easy.

Therefore, I think it is good to see whether it rises above 1.0520, or declines to 0.6611 and is supported.

However, if it falls below 0.6611, there is a possibility of entering the mid- to long-term investment area, so more careful trading is required.

(buy)
– After confirming the support at 1.0520

(Stop Loss)
– When it falls below 0.9330 and receives resistance

(Sell)
– When receiving resistance near 1.3190
– When receiving resistance near 2.1146

(buy)
– After confirming the support at 0.6611

(Stop Loss)
– When it falls below 0.5392

(Sell)
– When receiving resistance near 1.0520
– When receiving resistance near 1.3190

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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