Cardano (ADA) at Risk: Breakdown Signal Suggests Further Decline
Cardano Price has declined from a $ 1.00 area. ADA is merging and may continue to move down to support below $ 0.9350.
- Ada Price has declined from a $ 1.00 area.
- Price transactions are less than 0.950 US dollars and a simple moving average of 100 hours.
- On the hour chart of the ADA/USD pair of hours (Kraken’s data source), the rest time below the key bullish trend line is $ 0.950.
- If the transaction price of the two people is less than $ 0.9350, the couple may fall again.
Cardano’s price becomes red
After trying to maintain a level of more than $ 1.00, Cardano and Cardano and Bitcoin and EthereumEssence The support level of ADA is less than $ 0.9650 and 0.950 US dollars.
The clear movement of the support area below $ 0.950. In addition, with the support of the ADA/USD pair on each hour table, the rest time below the key bullish trend line is $ 0.950. The two even priced at a price of less than 50 % of the FIB retracement level from 0.9007 to $ 0.9881.
The current transaction price of Cardano is less than $ 0.950, and the simple moving average of 100 hours is the same. In good aspects, the price may face resistance near a $ 0.950 area. The first resistor is nearly $ 0.9650.
The next key resistance may be $ 0.9880. If the resistance is close to $ 0.9880, the price may begin strong rally. Under the state of statement, the price may rise towards a $ 1.00 area. In the short term, more income may require a transfer of $ 1.050.
Another reduction of ADA?
If Cardano’s price cannot climb above the resistance level of $ 0.950, it may drop again. Immediately support at the level of $ 0.940 and a simple moving average level of 100 hours.
The next main support is close to the level of $ 0.9350, or the 61.8 % FIB retracement level at a price of 0.9881 $ 0.9881 is as low as 0.9007. The shortcomings of less than $ 0.9350 can open the door to test $ 0.9040. The next main support is close to the 0.8550 level that may appear in the bull.
Technical indicator
MACD -ada/USD’s MACD is obtaining motivation to obtain the driving force.
The hour RSI (relative strength index) -ADA/USD’s RSI is now lower than level 50.
Main support level-$ 0.9400 and 0.9350 US dollars.
The main resistance levels-0.9500 US dollars and $ 0.9880.
