Cardano Price began a new decrease below the area of ​​$ 0.9250. Ada is now correcting losses and struggling to eliminate the resistance of $ 0.80.
- Ada Price began a new decrease in the $ 0.9250 area.
- The price is quoted below $ 0.850 and the single mobile average of 100 hours.
- There is a key line of bearish trend that is formed with resistance at $ 0.8050 in the GRAPH per hour of the ADA/USD (Kraken data source).
- The torque could begin another decrease if quoted below the support zone of $ 0.7650.
Cardano Price faces resistance
After fighting to stay above the level of $ 0.950, Cardano began a new decrease such as Bitcoin and Ethereum. ADA decreased below the support levels of $ 0.90 and $ 0.850.
There was a clear movement below the support zone of $ 0.60. A minimum for $ 0.5105 was formed and the price recently began a decent ascending movement. The price cleared the resistance levels of $ 0.60 and $ 0.70. The Bulls pumped the price above the FIB decrease level of 50% of the downward movement of the change of $ 0.9828 to the maximum up to the minimum of $ 0.5105.
However, the Bears are now active near the $ 0.80 zone. There is also a key bearish tendency line that is formed with resistance at $ 0.8050 in the Table per hour of ada/USD.
Cardano Price is now quoted below $ 0.80 and the simple mobile average of 100 hours. On the upward side, the price could face resistance near the area of ​​$ 0.80 and the 61.8% of the upward movement from the $ 0.9828 to the minimum of $ 0.5105.
The first resistance is about $ 0.820. The next key resistance could be $ 0.850. If there is a closure above the $ 0.850 resistance, the price could start a strong rally. In the established case, the price could increase to the region of $ 0.9250. More profits may require a movement towards $ 1.00 in the short term.
Another decrease in ADA?
If the Cardano price does not rise above the resistance level of $ 0.80, another decrease could begin. The immediate support in the inconvenience is close to the level of $ 0.7650.
The following main support is close to the level of $ 0.7230. A downward break below the level of $ 0.7230 could open the doors for a $ 0.6880 test. The following main support is close to the level of $ 0.6250 where bulls could arise.
Technical indicators
Macd per hour: the MacD for Ada/usd is losing impulse in the upward zone.
RSI per hour (relative force index): The RSI for ADA/USD is now above the level of 50.
Important support levels: $ 0.7650 and $ 0.7230.
Main resistance levels: $ 0.8000 and $ 0.8200.
