The post Cardano’s BBTrend Indicates Potential Shift Amid Ongoing Bearish Pressure and Consolidation Challenges appeared on BitcoinEthereumNews.com.

Cardano (ADA) is facing renewed selling pressure, but signs of potential bullish momentum are emerging amidst market volatility. The cryptocurrency’s trading volume has diminished significantly, suggesting traders may be awaiting clearer market signals. As noted by a COINOTAG source, “A break above $0.77 could trigger a significant price rally towards the $1.02 zone.” Current market trends for Cardano (ADA) suggest emerging bullish momentum, key levels to watch, and insights for potential traders. Cardano BBTrend Is Now Positive, But Still At Low Levels Cardano’s BBTrend indicator has recently registered at 2.25, representing the highest value since early March. This uptick follows a prolonged period of negative readings, indicating a **potential shift in market sentiment**. For the prior nine days, from March 18, the BBTrend oscillated between negative values, showcasing the indecisive trading environment. Now, the ascent to 2.25 signals a potential shift towards **bullish conditions**, albeit from a low base. The BBTrend, derived from **Bollinger Bands**, indicates the strength and direction of price movements. Values exceeding zero usually signify bullish sentiment while those below suggest bearish trends. The present reading of 2.25 hints at an upward movement in price combined with expanding volatility, which could herald the beginning of a sustained upward trend if backed by increasing trading volume. ADA DMI Shows The Consolidation Could End Soon Recent analysis of Cardano’s Directional Movement Index (DMI) highlights a drop in the Average Directional Index (ADX) to 17, indicating weakened trend momentum. This is a stark decline from 25.79 recorded the previous day, revealing a shift towards consolidation. The ADX serves as an essential tool in the DMI framework to evaluate the strength of trends, regardless of direction. Typically, an ADX value below 20 signifies consolidation, while above 25 indicates a strong trend is developing. As part of the DMI analysis, the Positive…

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Filed under: News - @ March 28, 2025 1:22 am