Cardano price started a downside correction from the $1.020 zone. ADA is now showing some bearish signs and might decline toward $0.80.
ADA price started a downside correction below the $0.920 support zone.
The price is trading below $0.90 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $0.940 on the hourly chart of the ADA/USD pair (data source from Kraken).
The pair could extend losses if it trades below the $0.80 region.
Cardano Price Trims Gains
After a steady increase, Cardano faced sellers above the $1.00 level started a fresh decline, like Bitcoin and Ethereum. ADA traded below the $0.950 and $0.920 support levels.
There was a move below the $0.90 support. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.7650 swing low to the $1.020 high. There is also a key bearish trend line forming with resistance at $0.940 on the hourly chart of the ADA/USD pair.
Cardano price i
We współpracy z: https://www.newsbtc.com/analysis/ada/cardano-ada-pulls-back-0-90/
