ADA price is trading in a bearish zone below the %excerpt%.38 support zone against the US Dollar. The price is now trading below %excerpt%.38 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near %excerpt%.3780 on the 4-hours chart (data feed via Kraken). The price could continue to move down if it stays below the %excerpt%.3800 resistance zone. Cardano price is struggling below %excerpt%.38 against the US Dollar, similar to bitcoin. ADA price could start a recovery wave if it clears the %excerpt%.378 and %excerpt%.380 resistance levels. Cardano Price Analysis In the past few days, cardano price saw a fresh decline below the %excerpt%.400 zone against the US Dollar. The ADA/USD pair declined below the %excerpt%.388 and %excerpt%.380 support levels. The price even declined below the
Topics:
Aayush Jindal considers the following as important: ADA, Altcoin News, Cardano, News, Trading
This could be interesting, too:
Bitcoin Schweiz News writes Die besten Bitcoin-Börsen für die Schweiz: Sortiert nach Trustpilot-Rating
Bitcoin Schweiz News writes Diese 3 Bitcoin-Börsen sind für Anfänger besonders geeignet
Chayanika Deka writes Optimism for Republican Win Drives .2 Billion in Weekly Inflows into BTC, ETH Products
Chayanika Deka writes Bitcoin Leads Investor Activity with 9M in Outflows; But Multi-Asset Products Shine
- ADA price is trading in a bearish zone below the $0.38 support zone against the US Dollar.
- The price is now trading below $0.38 and the 55 simple moving average (4-hours).
- There is a major bearish trend line forming with resistance near $0.3780 on the 4-hours chart (data feed via Kraken).
- The price could continue to move down if it stays below the $0.3800 resistance zone.
Cardano price is struggling below $0.38 against the US Dollar, similar to bitcoin. ADA price could start a recovery wave if it clears the $0.378 and $0.380 resistance levels.
Cardano Price Analysis
In the past few days, cardano price saw a fresh decline below the $0.400 zone against the US Dollar. The ADA/USD pair declined below the $0.388 and $0.380 support levels.
The price even declined below the $0.370 support and the 55 simple moving average (4-hour). A low was formed near $0.3516 and the price is now consolidating losses. The price is now trading below $0.375 and the 55 simple moving average (4-hours).
On the upside, an immediate resistance is near the $0.374 zone. It is near the 50% Fib retracement level of the downward move from the $0.3945 swing high to $0.3516 low.
The first major resistance is near the $0.378 level. There is also a major bearish trend line forming with resistance near $0.3780 on the 4-hours chart. The trend line is near the 61.8% Fib retracement level of the downward move from the $0.3945 swing high to $0.3516 low.
The next major resistance could be near the $0.384 zone and the 55 simple moving average (4-hour). A clear upside break above the $0.384 level might send the price towards the $0.400 resistance. Any more gains could start a steady increase towards the $0.422 level.
On the downside, an immediate support is near the $0.354 level. The next major support is near the $0.344 level, below which the price may perhaps decline towards the $0.322 support level. Any more losses might call for a test of the $0.300 level.
Cardano (ADA) Price
The chart indicates that ADA price is now trading below $0.380 and the 55 simple moving average (4-hours). Overall, the price could continue to move down if it stays below the $0.378 resistance zone.
Technical Indicators
4 hours MACD – The MACD for ADA/USD is now losing pace in the bearish zone.
4 hours RSI – The RSI for ADA/USD is now below the 50 level.
Key Support Levels – $0.354 and $0.344.
Key Resistance Levels – $0.378 and $0.384.