empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

01.08.202508:02 Forex Analysis & Reviews: 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.

Exchange Rates 01.08.2025 analysis

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.