Cardanos currency price (ADAUSD) declined in latest intraday trading, as the price attempts to gather positive momentum that may help it rise anew, while also trying to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line, supported by ongoing positive pressure from trading above the 50-period SMA.

Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of $0.59359 holds on, targeting the resistance level of $0.65587.

Todays price forecast: Bullish