Our pivot point stands at 0.8101.
Our preference: the upside prevails as long as 0.8101 is support.
Alternative scenario: below 0.8101, expect 0.7904 and 0.7787.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8084 and 0.8050). Finally, the Cardano / Dollar is trading above its upper Bollinger band (standing at 0.8314).
Supports and resistances:
0.8904 **
0.8786 *
0.8669 **
0.8551
0.8315 last
0.8178
0.8101 **
0.7904 *
0.7787 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-11-2025 at 06:06 UTC+1
Price reference: 0.8315 last known on 08-11-2025 at 06:06 UTC+1
Investment horizon: INTRADAY
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