- Cardano is trading around the level of $ 0.64.
- Trading volume has decreased 24 hours of Ada by more than 28 %.
The red wave continues in the encryption market, where fear dominates. Assets remain unable to get their foot after a series of losses, with no clear recovery on the horizon. Meanwhile, Cardano (ADA) slipped by 1 %, which reflects uncertainty in the market.
In the first hours, Cardano Trading At a peak of $ 0.6562, and withdrew the sudden price bears to a mark of $ 0.6152. At the time of the press, Cardano was traded at $ 0.6472, with a daily trading volume of $ 804 million. At the same time, the market witnessed $ 3.01 million filtering.
It is worth noting that Ali table He explains that the whales of between one million and 10 million ADA have sold about 120 million ADA in the past 48 hours. Selling indicates less confidence and puts the downward pressure on the price of Cardano.
Can Cardano see more from the negative side?
If the strong landmark is intensifying, the price of Cardano may return to $ 0.6402. Cross Death Cross may start on the downside, leading to the price of the original to a level of $ 0.6332.
On the other hand, the Cardano Bulls following can be paid to find his nearby resistance at $ 0.6538. The collapse above this mark may see more bullish trend, which confirms the upholstery and is likely to reach $ 0.66.
Both are the divergence of the moving average convergence in Cardano and the signal line is less than the zero line. This intersection indicates a strong declining direction. If MACD climbs over the zero line, it may indicate a possible reflection.
Besides, the Chicin money flow index (CMF) of assets, which was placed at -0.15, indicates that the money flows from the original. Miscellaneous, Cardano’s daily trading volume decreased by more than 28.96 %.
The value of the daily relativity index (RSI) 43.59 Signs Neutrality to the slightly drop zone. ADA’s Bull Bear Power (BBP) reading is a little negative, indicating the presence of marginal decline in the market.
Release responsibility: The opinion expressed in this article is only the author. It does not represent any investment advice. TENEWSCRYPTO team encourages everyone to conduct their own research before investing.
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