Cardano Price Analysis: ADA/USD Extending Losses

2018-6-22 11:28

Key Highlights ADA price traded further lower and broke the $0.1550 support against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance near $0.1555 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently in a downtrend and it could break the $0.1500 support for more losses.

Cardano price failed to recover against the US Dollar and Bitcoin. ADA/USD tumbled and it remains at a risk of more losses below the $0.1550 level.

Cardano Price Analysis

During the past few sessions, there was an increase in selling pressure on ADA price below $0.1660 against the US Dollar. The ADA/USD pair failed to break the $0.1650 resistance and started a downside move. It broke down and cleared the $0.1600 and $0.1550 support levels to settle below the 100 hourly simple moving average. More importantly, the price settled below a key support at $0.1550, opening the doors for more declines.

During the slide, the price surpassed the last swing low near $0.1557. It means the price may perhaps test the 1.236 Fib extension level of the last wave from the $0.1557 low to $0.1708 high at $0.1522. However, if sellers remain in action, there is even a chance of further losses towards the $0.1500 level. Below this, the next support is at $0.1450. On the other hand, if the price corrects higher, it could test the $0.1550 resistance zone. There is also a crucial bearish trend line formed with resistance near $0.1555 on the hourly chart of the ADA/USD pair.

The chart indicates the price is likely to move down further towards the $0.1500 handle. The overall price action is bearish, which is why any recoveries above $0.1555 and $0.1600 may be limited in the near term.

Hourly MACD – The MACD for ADA/USD is moving strongly in the bearish zone.

Hourly RSI – The RSI for ADA/USD has reached the oversold zone with bearish signs.

Major Support Level – $0.1500

Major Resistance Level – $0.1560

The post Cardano Price Analysis: ADA/USD Extending Losses appeared first on NewsBTC.

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Cardano (ADA) на Currencies.ru

$ 0.9577 (-0.05%)
Объем 24H $785.651m
Изменеия 24h: 4.18 %, 7d: 0.10 %
Cегодня L: $0.9393 - H: $0.9692
Капитализация $33.697b Rank 9
Доступно / Всего 35.186b ADA / 45b ADA

ada price usd support cardano pair extending

Источник: newsbtc.com

ada price → Результатов: 10


Is Cardano Price Set to Explode? Key Chart Patterns Suggest What’s Next for ADA

The price of ADA has been showing interesting patterns. The daily chart shows a symmetrical triangle forming—a pattern that often hints at where the price might go next. Prominent analyst Freedom By 40 posted about it on X (formerly Twitter), saying, “$ADA looks great for continuation,” showing some faith in the market’s direction.

2024-12-29 10:00


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


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