Markets· ★★· neutral·

Cardano holds at $0.2724 as hourly RSI flashes overbought warning

  • —ADA trades at $0.2724, above its daily R1 at $0.2714
  • —Hourly RSI14 at 79.78 is overbought; daily RSI14 at 65.26 stays constructive
  • —An hourly close above $0.274 would open a path toward $0.27648
  • —Petrobras is testing Cardano to track renewable aviation fuel and diesel
Why it matters: Overbought hourly momentum against a neutral daily setup could trigger a pause or pullback before any continuation.
Source: The Cryptonomist