Cardano price started a fresh decline below the $0.4120 support. Ethereum’s decline seems to be dragging ADA lower toward the $0.380 support.
ADA price started a fresh decline from the $0.450 resistance zone.
The price is trading below $0.4120 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $0.4060 on the hourly chart of the ADA/USD pair (data source from Kraken).
The pair could continue to move down and test the $0.380 support zone.
Cardano Price Shows Signs of More Downsides
After a steady increase, Cardano faced sellers near the $0.450 resistance zone. ADA formed a short-term top and started a pullback below the $0.4250 level. Recently, Ethereum’s decline dragged it further lower below the $0.400 support.
A low is formed near $0.3919 and the price is consolidating losses with a bearish angle. There is also a key bearish trend line forming with resistance at $0.4060 on the hourly chart of the ADA/USD pair.
Cardan
We współpracy z: https://www.newsbtc.com/analysis/ada/cardano-ada-falls-ethereums-decline/
