Cardano [ada] fights with price rejection at the Juni high of $ 0.379 and a declining mood

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Cardano (ADA) erlebte einen Preisanstieg von über 30% zwischen dem 13. und 14. Juli, als der Preis von 0,29 $ auf 0,38 $ stieg. Dies war jedoch von kurzer Dauer, da der Preis inzwischen gefallen ist und alle Gewinne gefährdet sind. Das Juni-Hoch von 0,379 $ stellte eine Barriere für den weiteren Anstieg dar und der Preisrückgang am Wochenende verstärkte die rückläufige Stimmung. Die Unterstützungsniveaus von 0,3 $ und 0,29 $ sind nun wichtige Marken, die im Auge behalten werden sollten. Sollte der Preis unter 0,29 $ fallen und sich wiederum bei 0,28 $ stabilisieren, wäre dies ein bearishes Signal …
Cardano (ADA) experienced a price increase of over 30% between July 13th and 14th, when the price rose from $ 0.29 to $ 0.38. However, this was short -lived because the price has now fallen and all profits are at risk. The Juni high of $ 0.379 was a barrier for the further increase and the decline in price at the weekend increased the declining mood. The support levels of $ 0.3 and $ 0.29 are now important brands that should be kept in mind. If the price falls below $ 0.29 and stabilized at $ 0.28, this would be a Bearish signal ... (Symbolbild/KNAT)

Cardano (ADA) experienced a price increase of over 30% between July 13th and 14th, when the price rose from $ 0.38. However, this was short -lived because the price has now fallen and all profits are at risk. The Juni high of $ 0.379 was a barrier for the further increase and the decline in price at the weekend increased the declining mood. The support levels of $ 0.3 and $ 0.29 are now important brands that should be kept in mind. If the price falls below $ 0.29 and stabilized at $ 0.28, this would be a Bearish signal and would invalidate the bullish thesis.

Bitcoin (BTC) could not yet compensate for the losses from the weekend. The price fell from over $ 31,000 to less than $ 30,000 and other price returns could lead to additional losses in the old coins. Therefore, retailers should keep an eye on the price development of Bitcoin and the $ 30,000 mark to adapt their trading strategies accordingly.

It is recommended not to enter into long positions for the time being. According to Coinglass, long positions worth around $ 445,000 were liquidated within four hours, while short positions only recorded losses of less than $ 15,000. This indicates a short -term pessimistic mood at the appointment market. In order to better optimize your trade processes, retailers should keep an eye on the price development of Bitcoin and the $ 0.3 mark at Cardano.

It remains to be seen how the cryptom market will develop in the next few days and whether Cardano can restore its profits. However, retailers should be careful and adapt their trade strategies to the current market conditions.