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.