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Mr.Arshman

06/16 10:29

Cardano Price Prediction: ADA Posts First Green We

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Cardano trades at $0.1787 on June 16, bouncing 6.52% in the prior session and closing its first green week since early May as price pushes into a dense cluster of Fair Value Gaps between $0.1863 and $0.2264 on the daily chart.The daily chart shows $ADA recovering from the June low near $0.1500 and pressing into the first of three stacked FVG zones. The lowest sits between $0.1863 and $0.1980 with the 0.382 Fibonacci level at $0.1863 marking the entry. Above that, a second FVG runs from $0.2097 to $0.2183, followed by a third between $0.2183 and $0.2264. All four EMAs remain overhead in bearish order: 20 at $0.1894, 50 at $0.2164, 100 at $0.2461, and 200 at $0.3186. The 20 EMA at $0.1894 is the first meaningful test. A daily close above it flips short-term structure and opens the FVG cluster as the next target range. Resistance: $0.1894 (20 EMA), $0.1980 (FVG top), $0.2097 (0.618 Fib) Support: $0.1750 (hourly demand zone), $0.1500 (cycle low) The 1H chart shows a sharp move from $0.1665 to $0.1900 on June 15 following Trump’s Iran deal announcement, then a rejection back toward $0.1750. A bearish RSI divergence printed at the $0.1900 peak, RSI made a lower high while price pushed higher, warning of fading momentum in the short-term move.Price is now back above the green horizontal demand zone near $0.1750 with SAR at $0.1813 acting as near-term resistance. RSI at 47.71 sits in neutral territory. The ascending trendline from the June 5 low remains intact as long as price holds above $0.1750.horts outnumber longs by over 7x in the broader crypto derivatives market right now. For $ADA specifically, the 24-hour long/short ratio sits at 0.8433, leaning bearish. Over 24 hours, $986.93K in long positions were liquidated against just $787.29K on the short side. Volume rose 10.54% to $752.62M while open interest edged up 0.81% to $382.
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