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Home»EXCHANGE NEWS»Will Cardano (ADA) step back and push the bear back low?
EXCHANGE NEWS

Will Cardano (ADA) step back and push the bear back low?

By Crypto FlexsAugust 22, 20253 Mins Read
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Will Cardano (ADA) step back and push the bear back low?
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Cardano Price has begun disadvantages in the $ 1.020 zone. The ADA is currently a slight sign of significant signs and can decrease to $ 0.80.

  • ADA PRICE has begun to fall from the $ 0.920 support area.
  • The price is traded more than $ 0.90 and a simple moving average of 100 hours.
  • There is a major weakening line in the time chart of the ADA/USD pair (data source of KRAKEN), which is formed as a resistance of $ 0.940.
  • Pairs can be extended if they are traded for less than $ 0.80.

Cardano Price Trims profit

After a steady increase, Cardano faced a seller of $ 1.00 or more. New reductions such as Bitcoin and Ethereum have begun. The ADA was traded below the level of support of $ 0.950 and $ 0.920.

There was a move below $ 0.90. Bears extracted the price below the $ 0.7650 swing to the lowest $ 1.020 height and then extracted below the level of 50% FIB. There is also a major weakening line that is formed of a $ 0.940 resistance in the time chart of the ADA/USD pair.

Cardano Price is currently being traded more than $ 0.90 and a simple average moving average of 100 hours. Conversely, the price can be faced with a resistance near the $ 0.880 zone.

The first resistance is close to $ 0.8920. The next key resistance can be $ 0.940. If you have more than $ 0.940 resistance and more than the trend line, you can start a strong rally. If specified, the price can rise to the $ 1.00 area. No more profit can be required to move to $ 1.050 in the short term.

More losses of ADA?

Another reduction may begin if the price of Cardano does not rise above $ 0.940. Immediate support for the shortcomings is close to $ 0.840.

The next main support is nearly $ 0.8250 and is 76.4% FIB reversal of the rise from $ 0.7650 to $ 1.020. The disadvantage of less than $ 0.8250 is that you can open the door for a $ 0.80 test. The next main support is nearly $ 0.780 for the bull to appear.

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 -$ 0.8400 and $ 0.8250.

Main resistance level -$ 0.9200 and $ 0.9400.

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