Assessing Cardano’s Struggles: Will Key Support Levels Halt The Decline Above...
Cardano (ADA) has been on a rollercoaster ride in the cryptocurrency market, with its recent price recovery rally encountering some significant challenges. As of the latest data from CoinGecko, ADA is trading at $0.261, showing a modest 1.7% gain in the past 24 hours, but boasting a seven-day rally of 4.9%. However, beneath the surface, there are signs of growing overhead pressure that could limit ADA’s upward momentum. ADA’s journey to reclaim its previous highs faces its first major hurdle at the $0.26 mark. But this is just the beginning, as multiple layers of resistance....
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Cardano’s price started a major decline after it broke the key $0.4200 support. ADA could continue to move down unless it settles above the $0.50 pivot level. ADA price is showing a lot of bearish signs below the $0.420 support against the US dollar. The price is trading well below $0.400 and the 100 simple moving average (4-hours). There are two bearish trend lines forming with resistance at $0.3700 and $0.3880 on the 4-hours chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down below the $0.3500 support zone. Cardano (ADA) Price Signals Bearish Wave In....
Cardano’s price started a fresh decline below $0.250. ADA is testing important support at $0.2450 and might start a recovery wave. ADA price started a fresh decline below the $0.255 and $0.250 levels against the US dollar. The price is trading below $0.250 and the 100 simple moving average (4 hours). There is a key declining channel forming with resistance near $0.2480 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair must stay above the $0.2420 support to start a fresh increase in the near term. Cardano’s ADA Price Revisits Support After a steady increase,....
Cardano’s price started a fresh decline below $0.280. ADA is struggling and key indicators suggest high chances of more downsides below $0.252. ADA price is gaining bearish momentum below the $0.285 level against the US dollar. The price is trading above $0.280 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could start a recovery wave if there is a close above the $0.280 resistance. Cardano’s ADA Price Faces Uphill Task In the past few days,....
Ethereum extended decline below the $3,300 support zone against the US Dollar. ETH price could recover from $3,120, but it might face hurdles near $3,250. Ethereum extended decline below the $3,300 and $3,250 support levels. The price is trading below $3,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,200 and $3,250 resistance levels. Ethereum Price Struggles Ethereum extended decline below the $3,250 support....