Cardano Price has begun a new reduction in the $ 0.820 zone. The ADA is currently integrating losses and there is a risk of more losses to less than $ 0.7350.
- ADA Price has begun to decrease lower than $ 0.80 and $ 0.7650.
- The price is more than $ 0.7750 and a simple 100 -hour simple moving average.
- There is a connecting bare lysch trend line formed by a $ 0.7620 resistance in an hourly chart of the ADA/USD pair (data source of KRAKEN).
- The pair can start another increase by removing the $ 0.7750 resistance zone.
Cardano price is over $ 0.750
After a decent increase, Cardano faced resistance near the $ 0.820 zone. The ADA has formed a short -term tower and recently Bitcoin and Ether Leeum have begun a fresh decline.
There was a move of $ 0.80 and $ 0.7650 or less. The bears were able to push the price to less than $ 0.750. The minimum is formed at $ 0.7362 and the price is now integrated. After 23.6% FIB of downward movement, the level is much lower from $ 0.8191 to $ 0.7362.
Cardano Price is currently being traded more than $ 0.7650 and a simple moving average of 100 hours. Conversely, the price can be faced with a resistance near the $ 0.750 zone. The first resistance is close to $ 0.7620. There is also a connecting bearish trend line that is formed of a $ 0.7620 resistance in the time chart of the ADA/USD pair.
The trend line is close to the level after 50% FIB of downward movement. The next key resistance can be $ 0.7680. If you are more than $ 0.7680, you can start a rally with a strong price. If specified, the price can rise to the $ 0.80 area. You can no longer move to $ 0.850 in the short term.
More losses of ADA?
Another reduction may begin if the price of Cardano does not rise above $ 0.7620. Immediate support for the shortcomings is close to $ 0.7350.
The next main support is close to $ 0.7320. The downside below $ 0.7320 is to open the door for a $ 0.7150 test. The next main support is nearly $ 0.70 for bulls.
Technical indicator
MACD -ADA/USD MACD is gaining momentum from the weak zone.
RSI (relative strength index) by time -ADA/USD’s RSI is now less than 50.
Major support levels -$ 0.7350 and $ 0.7150.
Main resistance level -$ 0.7620 and $ 0.7680.