Cardano’s price is struggling below the $0.30 zone. ADA could start a sharp decline if it breaks the $0.2765 support zone in the near term.
ADA price is moving lower below the $0.292 support against the US dollar.
The price is trading below $0.290 and the 100 simple moving average (4 hours).
There is a major bullish trend line forming with support near $0.2815 on the 4-hour chart of the ADA/USD pair (data source from Kraken).
The pair could decline heavily if the bulls fail to protect the $0.2765 support zone.
Cardano’s ADA Price Faces Uphill Task
This past week, Cardano’s price attempted a fresh increase above the $0.285 zone. The price climbed above the $0.295 resistance zone but the bears were active near the $0.30 zone.
A high was formed near $0.3015 before there was a fresh decline. The price declined below the $0.285 level and tested the $0.2765 support. It is now consolidating losses below $0.292, similar to Bitcoin and Ethereum.
There was a minor recovery wave above the 5
We współpracy z: https://www.newsbtc.com/analysis/ada/ada-price-consolidates-0-30/
