Main Quotes Calendar Forum
flag

FX.co ★ Will Cardano continue its decline and reach its nearest support level? Friday, August 01, 2025.

parent
Crypto Analysis:::2025-08-01T06:02:51

Will Cardano continue its decline and reach its nearest support level? Friday, August 01, 2025.

Cardano – Friday, August 01, 2025.

With the EMA (5) which is below the EMA(200) and the RSI (14) indicator at Extreme Bearish levels, Cardano has the potential to experience significant pressure throughout the day.

Key Levels

1. Resistance 2: 0.80322.

2. Resistance 1: 0.77607.

3. Pivot: 0.76078.

4. Support 1: 0.73363.

5. Support 2: 0.71834.

Tactical Scenario

Pressure Risk Zone: If the price breaks down and closes below 0.73363, Cardano has the potential to continue its decline to 0.71834.

Momentum Extension Bias: If the 0.71834 level is successfully broken and closes below it, then, if volatility and momentum are favorable, this cryptocurrency will continue its decline to 0.69119.

Invalidation Level / Bias Revision

Downside bias is maintained if the price suddenly strengthens and breaks through and closes above 0.80322.

Technical Summary

EMA(50): 0.75870.

EMA(200): 0.78168.

RSI(14): 19.46.

Economic News Release Agenda:

Tonight, there are significant data releases from the United States: US Non-Farm Payrolls and the US Unemployment Rate at 19:30 WIB.

Will Cardano continue its decline and reach its nearest support level? Friday, August 01, 2025.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...