Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support.
ADA price started a fresh decline below $0.70 and $0.680.
The price is trading below $0.680 and the 100-hourly simple moving average.
There is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA/USD pair (data source from Kraken).
The pair could start a fresh decline if it dips below the $0.620 support zone.
Cardano Price Dips Further
In the past few days, Cardano saw a fresh decline below the $0.720, unlike Bitcoin and Ethereum. ADA even declined below the $0.70 level to enter a bearish zone.
The bears even pushed the price below the $0.680 level. A low was formed at $0.6134 and the price recently corrected some losses. There was a move above the $0.620 and $0.6350 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low.
How
We współpracy z: https://www.newsbtc.com/analysis/ada/cardano-ada-faces-trouble-0-70/
