Cardano Price has started a new decrease from $ 0.820. ADA is now unifying losses and at risk of more losses below $ 0.7350.
- ADA PRICE has started a new decrease from $ 0.80 and $ 0.7650.
- The price is traded to less than 0.7750 dollars and the simple moving average is 100 hours.
- There is a declining trend connected to resistance at $ 0.7620 on the ADA/USD (data source from Kraken).
- The husband can start another increase if he wipes the resistance area of $ 0.7750.
Cardano climbs above $ 0.750
After a decent increase, Cardano faced resistance near $ 0.820. ADA formed a short -term top and recently started a new decrease, and the performance of bitcoin and weak performance was.
There was a step less than $ 0.80 and $ 0.7650. The bears managed to pay the price to less than $ 0.750. A decrease has been formed at $ 0.7362 and prices are now boosting losses. It is much lower than the REERECTION 23.6 % level of a declining movement of the alternative of $ 0.8191 to a decrease of $ 0.7362.
Cardano PRICE is now trading less than $ 0.7650 and a simple moving average 100 hours. On the upper side, the price may face resistance near the $ 0.750 area. The first resistance is approaching $ 0.7620. There is also a declining trend line that is formed with resistance at $ 0.7620 on the ADA/USD pair.
The trend line is close to the RENDRACTION level of 50 % of FIB for a declining movement of 0.8191 dollars to a low level of 0.7362 dollars. The following key resistance may be $ 0.7680. If there is a closure above $ 0.7680, the price may start in a strong gathering. In the mentioned case, the price may rise towards an area of $ 0.80. Any other gains may require moving about $ 0.850 in the short term.
More losses in Ada?
If the price of Cardano fails to rise above the 0.7620 resistance level, another decrease may start. Immediate support on the negative side is near the level of $ 0.7350.
The next main support is near the level of $ 0.7320. The negative side break can open less than $ 0.7320 doors to test $ 0.7150. The next main support is near the level of $ 0.70 where bulls may appear.
Technical indicators
Every MACD Watch – Macd is acquired for Ada/USD momentum in the Habboudia area.
RSI Hour (Relative Power Index) – RSI for Ada/USD is now less than 50 level.
Main support levels – $ 0.7350 and $ 0.7150.
Main resistance levels – $ 0.7620 and $ 0.7680.
