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08/20 05:25Alcista

Cardano is down over 2% on Thursday, putting at ri

# Trending Token Price Prediction Challenge #HTX 13th-Anniversary Carnival #HTX Creation Challenge — Post and Win 1,500U Cardano is down over 2% on Thursday, putting at risk its 7% rise from the previous day. ADA holds marginally above the 50-day EMA at $0.1799, suggesting a cautiously constructive near-term tone. However, the pair remains capped beneath the 100-day and 200-day EMAs at $0.1930 and $0.2597, respectively, reinforcing a broader corrective structure. Momentum is mixed, with the RSI hovering around 52 in a neutral zone, and the MACD edging higher toward the signal line, hinting at easing bearish pressure. Immediate support for Cardano is seen at the 50-day EMA clustered around $0.1799, with a deeper floor at the ascending support trendline region near $0.1651, where buyers would be expected to reassert themselves if the current advance stalls. ADA/USDT daily price chart. On the topside, initial resistance stands at the 100-day EMA at $0.1930, and only a decisive daily close above this barrier would open the way toward the more distant 200-day EMA at $0.2597, shifting the focus toward a more sustainable bullish recovery.

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