- Cardano’s lowered volatility promised a sharp price move soon.
- The resistance at $0.36 and $0.42 could be pivotal in deciding ADA’s trend.
The 1-week volatility of Cardano [ADA] dropped to a six-week low. Usually, when the volatility dies down, it is a sign that the price is consolidating and gearing up for a strong impulse move.
What could be the direction of ADA’s move, and when could it arrive? AMBCrypto found some patterns that could help plot the move ahead, but the predominant bear trend might not be broken this time.
ADA has bad news for bulls
Source: Santiment
Spurts of volatility were witnessed on the 1-week volatility chart to reflect the price moves of Cardano. However, since April, these upticks in volatility did not break the downtrend.
Either they resumed the downtrend or saw a sharp move upward to retest a former support zone.
Source: ADA/USDT on TradingView
The 12-hour chart above highlighted two of the…
