PUNKO – PNK

Here’s a summary of Cardano (ADA) performance on May 14, 2025:

📊 Technical Indicators

• RSI (Relative Strength Index): Currently at 45, indicating neutral momentum with no strong buying or selling pressure.
• MACD (Moving Average Convergence Divergence): The MACD line and signal line are moving closer together, suggesting a potential reversal but no clear directional bias yet.

💰 Price Movements

• Highest price: $0.82, tested but not broken.
• Lowest price: $0.74, acting as a key support level.
• Current price: Around $0.79, showing consolidation after a slight pullback.

🔍 Market Analysis

• ADA has been range-bound, struggling to break above $0.80, which remains a strong resistance.
• If ADA breaks above $0.82, the next major resistance level will be $0.85.
• On the downside, failure to hold $0.74 could lead to a potential drop toward $0.70.

Cardano is currently in a tight consolidation phase, with traders watching for a breakout or breakdown.