Cardano’s price started a fresh decline from the $0.460 resistance. ADA could decline further if there is a clear move below the $0.38 support.
ADA price declined heavily from the $0.460 resistance against the US dollar.
The price is trading below $0.400 and the 100 simple moving average (4 hours).
There was a break below a key bullish trend line with support near $0.4150 on the 4-hour chart of the ADA/USD pair (data source from Kraken).
The pair could start a recovery wave if it clears the $0.400 resistance zone.
Cardano’s ADA Price Revisits Key Support
After a decent increase, Cardano’s price faced resistance near the $0.460 zone. The price faced an increase in selling pressure and started a fresh decline below $0.420, similar to Bitcoin and Ethereum.
There was a clear move below the $0.40 support zone. Besides, there was a break below a key bullish trend line with support near $0.4150 on the 4-hour chart of the ADA/USD pair. The pair even tested the $0.380 support zone.
A low
We współpracy z: https://www.newsbtc.com/analysis/ada/ada-price-cardano-correction-0-38/
