ADA Price Indicators Suggest Cardano at Clear Risk of Further Declines

2023-7-6 08:21

Cardano’s price is declining from the $0.30 zone. ADA could continue to move down if it breaks the $0.280 support zone in the near term.

ADA price is moving lower from the $0.302 zone against the US dollar. The price is trading below $0.290 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could slide further toward the $0.264 support zone. Cardano’s ADA Price Corrects Gains

This past week, Cardano’s price started a decent recovery wave from the $0.264 support zone. The bulls managed to push the price above the $0.280 and $0.295 resistance levels.

It even spiked above the $0.300 resistance. A high is formed near $0.3013 and the price is now correcting gains, similar to Bitcoin and Ethereum. There was a move below the 50% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high.

Besides, there was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA/USD pair. The price is now trading below $0.290 and the 100 simple moving average (4 hours).

The price is now holding the $0.280 support. It is close to the 61.8% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high. On the upside, immediate resistance is near the $0.285 zone and the 100 simple moving average (4 hours).

Source: ADAUSD on TradingView.com

The first major resistance is forming near the $0.292 zone. The next key resistance might be $0.30. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone.

More Losses in ADA?

If Cardano’s price fails to climb above the $0.285 resistance level, it could continue to move down. Immediate support on the downside is near the $0.280 level.

The next major support is near the $0.275 level. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.262. The next major support is near the $0.250 level.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.280, $0.275, and $0.262.

Major Resistance Levels – $0.285, $0.295, and $0.305.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.2886 (-100%)

ada price zone cardano support 280 breaks

Источник: newsbtc.com

ada price → Результатов: 126


Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall

To conclude, there are three reasons why the ADA price trend is considered bearish: The breakdown from the $0.350 horizontal area The invalidation of the bullish divergence trendline in the weekly RSI ADA's long-term descending resistance line The post Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall appeared first on BeInCrypto.

2022-12-29 19:45


Cardano (ADA) Price Prediction 2021 | 2025 | 2030 – Future Forecast For ADA Price

In this guide, we will voice our own and market’s opinion on ADA future while discussing Cardano price forecast for 2020 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Cardano (ADA) Price Prediction 2021 | 2025 | 2030 – Future Forecast For ADA Price appeared first on CaptainAltcoin.

2020-11-19 19:37


Фото:

Will ADA Break Out Above 1500 Satoshis?

The Cardano (ADA) price has been increasing since March and doing so at an accelerated rate since June. The price is currently correcting, after which the upward move should resume. Long-Term ADA Movement The weekly chart for ADA shows a double bottom combined with significant bullish divergence on the weekly RSI from August 2019 – […] The post Will ADA Break Out Above 1500 Satoshis? appeared first on BeInCrypto.

2020-7-21 20:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cardano's short positions increase: What should you do with your ADA?

Short positions taken against ADA grew significantly. Activity on the Cardano network fell materially as well. Cardano [ADA] has been one of the many coins that has not been performing as weThe post Cardano's short positions increase: What should you do with your ADA? appeared first on AMBCrypto.

Cardano price prediction - Perfect time to buy ADA after 25% dip?

ADA’s price has fallen by 25% in the last 30 days. Readings from key on-chain metrics suggest that now might be a good time to buy the altcoin. Cardano [ADA] may be due for a price rally aThe post Cardano price prediction - Perfect time to buy ADA after 25% dip? appeared first on AMBCrypto.