Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance.
ADA price started a fresh decline from the $0.9250 zone.
The price is trading below $0.850 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair (data source from Kraken).
The pair could start another decline if it trades below the $0.7650 support zone.
Cardano Price Faces Resistance
After struggling to stay above the $0.950 level, Cardano started a fresh decline like Bitcoin and Ethereum. ADA declined below the $0.90 and $0.850 support levels.
There was a clear move below the $0.60 support zone. A low was formed at $0.5105 and the price recently started a decent upward move. The price cleared the $0.60 and $0.70 resistance levels. The bulls pumped the price above the 50% Fib retracement level of the downward move from the $0.9828 swing high t
We współpracy z: https://www.newsbtc.com/analysis/ada/cardano-ada-at-a-crossroads-0-80/
