The price of Cardano (ADA) is in a sideways movement as the bears try to break above the moving average lines. The cryptocurrency is fluctuating between $0.40 and $0.65 price levels.
The bears have broken below the moving average lines, but the altcoin is holding above the 21-day line SMA. Selling pressure will increase when the moving average lines are broken. However, the market will fall to the low of $0.40. However, if the 21-day line SMA holds as support, ADA will be forced to move between the moving average lines. At the time of writing, the cryptocurrency is trading at $0.47.
Cardano analiza indikatora
ADA is at level 48 on the Relative Strength Index for period 14, indicating that the altcoin is in a downtrend and could continue to decline. ADA is currently below the 20% area of the daily stochastic. The market has reached the oversold area. Further selling pressure is unlikely.
Ključne zone otpora: 0.60 USD, 0.70, 0.80 USD
Ključne zone podrške: 0.50, 0.40, 0.30 dolara
Koji je sljedeći potez za Cardano?
Cardano is in a sideways movement. The uptrend will resume when the price breaks above the high of $0.65. In the meantime, the price movement is characterized by small indecisive candlesticks. The candlesticks indicate that buyers and sellers are undecided about the direction of the market.
Izjava o odricanju odgovornosti. Ova analiza i prognoza su osobna mišljenja autora i nisu preporuka za kupnju ili prodaju kripto valute i ne bi se trebali smatrati odobrenjem CoinIdola. Čitatelji bi trebali sami istražiti prije ulaganja sredstava.
Source: https://coinidol.com/cardano-strong-rejection-0-65/