The price of Cardano surged nearly 12% within 24 hours, briefly targeting $0.41, with a gain of up to 38%. However, despite the influx of whale buy orders totaling $340 million, the breakout failed. The RSI indicator hit a new high while the price formed a new low, indicating selling pressure and weakening momentum around the $0.31 resistance level, thereby revealing a hidden bearish divergence signal.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The price of Cardano surged nearly 12% within 24 hours, briefly targeting $0.41, with a gain of up to 38%. However, despite the influx of whale buy orders totaling $340 million, the breakout failed. The RSI indicator hit a new high while the price formed a new low, indicating selling pressure and weakening momentum around the $0.31 resistance level, thereby revealing a hidden bearish divergence signal.