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What Are ADA Bulls Waiting For?

BINANCE:ADAUSDT   Cardano / TetherUS
Cardano has a market cap of $16.4 Billion and is ranked 10th in the CMC. ADA price is currently down about 85% from its all time high and has seen less gains in comparison to its competitors. ADA price is currently trading near the value of $0.459 with a gain of 0.16% in the intraday session.
ADA price is currently forming consolidated candles on the daily chart. It is trading below the 50 and 200 EMA. The upside trend of the ADA can see a halt near the value of $0.6. Meanwhile the support of the asset price can be seen near $0.4.
The RSI of ADA is near 46 with no slope suggesting its presence in the neutral zone. The overall momentum of the RSI is bearish in nature.


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