Cardano (ADA) price has surged 52% in the last 30 days, marking an impressive recovery. On December
Cardano (ADA) price has surged 52% in the last 30 days, marking an impressive recovery. On December 3, ADA reached its highest price since March 2022.
However, recent technical indicators, including the DMI, Ichimoku Cloud, and EMA lines, suggest the asset is now facing indecision. While ADA remains in a consolidation phase, its next move could determine whether it continues its upward trajectory or faces a potential correction.
Cardano DMI Shows The Next Movements Arent Clear
The ADA DMI chart shows its ADX has dropped to 12.3, a sharp decline from over 40 just a week ago. The ADX measures trend strength, with values above 25 indicating a strong trend and those below 20 suggesting weak or no trend.
At its current level, Cardano lacks significant momentum, signaling indecision in the market and a pause in directional movement.
ADA DMI. Source: TradingView
Additionally, the +DI at 20.7 and -DI at 17 highlight a narrow gap between buyers and sellers. This weak spread, combined with the low ADX, confirms that Cardano does not have a clear trend at the moment.
Without strong buying or selling pressure, the price is likely to remain range-bound until either side gains momentum to drive a decisive move.
Ichimoku Cloud Gives Mixed Signals
The ADA Ichimoku Cloud chart shows the price trading near the cloud with no clear directional bias. The Kumo (cloud) is relatively thin and flat ahead, indicating weak momentum and a lack of trend strength.
When the price hovers near or inside the cloud, it typically signals indecision, with neither buyers nor sellers in control. Additionally, the Tenkan-sen (blue line) and Kijun-sen (red line) are closely aligned, reinforcing the lack of strong trend direction.
ADA Ichimoku Cloud. Source: TradingView
Looking further, the Chikou Span (green line) lags the price and is interacting with recent candles, signaling that ADA remains in a consolidation phase.
The flat cloud ahead suggests that any breakout — bullish or bearish — would require significant momentum. Until clearer signals emerge, Cardano is likely to remain range-bound, trading sideways in the near term as the market searches for direction.
ADA Price Prediction: Can It Correct 17% Until January?
Cardano EMA lines are currently very close to each other, signaling a lack of strong momentum and reinforcing that the asset is in a consolidation phase.
When EMA lines converge like this, it typically indicates indecision in the market, where neither buyers nor sellers have control, and the price is moving within a narrow range. This phase often precedes a larger move in either direction, depending on whether buyers or sellers regain momentum.
ADA Price Analysis. Source: TradingView
If ADA can build enough upward momentum, it will first face resistance at $1.18. A successful breakout above this level could pave the way for further gains, with potential targets at $1.24 and $1.32. Conversely, Cardano price loses support at $1.03, it may decline further, testing the next major support around $0.91.
This would represent a possible 17% price correction, reflecting a shift in sentiment to the downside and signaling increased selling pressure.
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