ADA price is trading in a bearish zone below the %excerpt%.356 support zone against the US Dollar. The price is now trading below %excerpt%.356 and the 55 simple moving average (4-hours). There was a break below a key bullish trend lien with support at %excerpt%.3480 on the 4-hours chart (data feed via Coinbase). The price could continue to move down if it stays below the %excerpt%.3560 resistance zone. Cardano price is struggling below %excerpt%.356 against the US Dollar, similar to bitcoin. ADA price could start a fresh increase if it clears the %excerpt%.356 and %excerpt%.370 resistance levels. Cardano Price Analysis In the past few days, cardano price saw a fresh decline from the %excerpt%.388 zone against the US Dollar. The ADA/USD pair declined below the %excerpt%.375 and %excerpt%.365 support levels. The price even declined below
Topics:
Aayush Jindal considers the following as important: ADA, Altcoin News, Cardano, News, Trading
This could be interesting, too:
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
Temitope Olatunji writes X Empire Unveils ‘Chill Phase’ Update: Community to Benefit from Expanded Tokenomics
- ADA price is trading in a bearish zone below the $0.356 support zone against the US Dollar.
- The price is now trading below $0.356 and the 55 simple moving average (4-hours).
- There was a break below a key bullish trend lien with support at $0.3480 on the 4-hours chart (data feed via Coinbase).
- The price could continue to move down if it stays below the $0.3560 resistance zone.
Cardano price is struggling below $0.356 against the US Dollar, similar to bitcoin. ADA price could start a fresh increase if it clears the $0.356 and $0.370 resistance levels.
Cardano Price Analysis
In the past few days, cardano price saw a fresh decline from the $0.388 zone against the US Dollar. The ADA/USD pair declined below the $0.375 and $0.365 support levels.
The price even declined below the $0.356 support and the 55 simple moving average (4-hour). The bears were able to push the price below the 50% Fib retracement level of the upward move from the $0.3100 swing low to $0.3872 high.
Besides, there was a break below a key bullish trend lien with support at $0.3480 on the 4-hours chart. The pair is now trading below $0.356 and the 55 simple moving average (4-hours).
On the upside, an immediate resistance is near the $0.3485 zone. The first major resistance is near the $0.356 level and the 55 simple moving average (4-hours). A clear upside break above the $0.356 level might send the price towards the $0.375 resistance. Any more gains could start a steady increase towards the $0.400 level.
On the downside, an immediate support is near the $0.338 level. It is near the 61.8% Fib retracement level of the upward move from the $0.3100 swing low to $0.3872 high.
The next major support is near the $0.322 level, below which the price may perhaps decline towards the $0.300 support level. Any more losses might call for a test of the $0.284 level.
Cardano (ADA) Price
The chart indicates that ADA price is now trading below $0.356 and the 55 simple moving average (4-hours). Overall, the price could continue to move down if it stays below the $0.356 resistance zone.
Technical Indicators
4 hours MACD – The MACD for ADA/USD is now gaining pace in the bearish zone.
4 hours RSI – The RSI for ADA/USD is now below the 50 level.
Key Support Levels – $0.320 and $0.300.
Key Resistance Levels – $0.356 and $0.388.