cryptd.in

Alternativni LinkedIn za kriptovalutam prijazne talente

Cardano (ADA) Faces Renewed Selling Pressure—More Pain Ahead?

-

po

cryptd.in
na spletnem mestu

Cardano price started a fresh decline from the $0.820 zone. ADA is now consolidating losses and at risk of more losses below the $0.7350 level.

  • ADA price started a fresh decline below the $0.80 and $0.7650 levels.
  • The price is trading below $0.7750 and the 100-hourly simple moving average.
  • There is a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair (data source from Kraken).
  • The pair could start another increase if it clears the $0.7750 resistance zone.

Cardano Price Climbs Above $0.750

After a decent increase, Cardano faced resistance near the $0.820 zone. ADA formed a short-term top and recently started a fresh decline, underperforming Bitcoin and Ethereum.

There was a move below the $0.80 and $0.7650 levels. The bears were able to push the price below $0.750. A low was formed at $0.7362 and the price is now consolidating losses. It is well below the 23.6% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low.

Cardano price is now trading below $0.7650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.750 zone. The first resistance is near $0.7620. There is also a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair.

Cardano Price

The trend line is close to the 50% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low. The next key resistance might be $0.7680. If there is a close above the $0.7680 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.850 in the near term.

More Losses in ADA?

If Cardano’s price fails to climb above the $0.7620 resistance level, it could start another decline. Immediate support on the downside is near the $0.7350 level.

The next major support is near the $0.7320 level. A downside break below the $0.7320 level could open the doors for a test of $0.7150. The next major support is near the $0.70 level where the bulls might emerge.

Technical Indicators

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

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

Major Support Levels – $0.7350 and $0.7150.

Major Resistance Levels – $0.7620 and $0.7680.

Komentarji

Dodaj odgovor

Vaš e-naslov ne bo objavljen. * označuje zahtevana polja

Najnovejši viri

Priljubljene kategorije

sl_SI Slovenščina
sl_SI Slovenščina en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sv_SE Svenska

Iskanje po spletnem mestu

Priljubljene zgodbe

Oznake

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (241) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BVendar je to zelo pomembno. (1) #BracebridgeCapital (1) #BRC20Točke (1) #BTCnabava (1) #BullishPrediction (1) #BullishSentiment (1) #CKitajsko rudarstvo (1) #CPIPpregled (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #C kriptografija (1) #CryptoMarket (2) #CryptoPrediction (1) #CryptoPredictions (1) #C kriptografska regulacija (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #C kriptografska negotovost (1) #DerivativeJump (1) #Dogecoin (33) #DogecoinGains (1) #DogecoinVolume (1) 1TP5DutchCourt (2) #ECposlovanje (1) #ElSalvadorBitcoin (1) #Ethereum (49) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #Finančni vpliv (1) #FinančnaZasebnost (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investicije (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #Pravni vpliv (1) #Zakonodaja (1) #LightningNetwork (1) #M Analiza trga (3) #M Spremljanje trga (1) #MTržna napoved (1) #MTržne napovedi (1) #M MarketProjection (1) #M MarketSupport (1) #MVolatilnost trga (1) #M Poroka (1) #MemeCoin (3) #MemeCoins (2) #MinerProfitabilnost (1) #M Pranje denarja (2) #MtGox (3) #NorthKoreaCrypto (1) #NovogratzPredikcija (1) #PriceMilestone (1) #PCenaPredikcija (2) 1TP5CenaVprašanje (1) #PCenovni skok (1) #PrisonSentence (1) #QuantAnalysis (1) #Regulativni pritisk (1) #SECAntiCrypto (1) #ShibaInu (4) #SocialBuzz (1) #Tehnična analiza (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotencial (1) #USCongress (1) #WyomingLand (1) #XR Cena (1) #XRPupswing (1)

Koristne povezave

Povezave, ki so se mi zdele koristne in sem jih želel deliti.