Cardano price started a fresh decline from the $0.70 zone. ADA is now consolidating losses and at risk of more losses below the $0.60 level.
ADA price started a fresh decline below the $0.6850 and $0.650 levels.
The price is trading below $0.6550 and the 100-hourly simple moving average.
There is a connecting bearish trend line forming with resistance at $0.660 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 Further
After a decent increase, Cardano faced resistance near the $0.70 zone. ADA formed a short-term top and recently started a fresh decline, like Bitcoin and Ethereum.
There was a move below the $0.6850 and $0.6650 levels. The bears were able to push the price below $0.6350. A low was formed at $0.6016 and the price is now consolidating losses. It is still below the 23.6% Fib retracement level of the downward wave from the $0.6769 swing high to the
We współpracy z: https://www.newsbtc.com/analysis/ada/cardano-ada-under-pressure-0-60/
