Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses.
ADA price failed to recover above the $0.70 resistance zone.
The price is trading below $0.680 and the 100-hourly simple moving average.
There was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair (data source from Kraken).
The pair could start another increase if it clears the $0.70 resistance zone.
Cardano Price Dips Again
In the past few days, Cardano saw a recovery wave from the $0.6350 zone, like Bitcoin and Ethereum. ADA was able to climb above the $0.680 and $0.6880 resistance levels.
However, the bears were active above the $0.70 zone. A high was formed at $0.7090 and the price corrected most gains. There was a move below the $0.650 level. Besides, there was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA/USD pair
We współpracy z: https://www.newsbtc.com/analysis/ada/cardano-ada-downtrend-deepens-0-65/
