Ada fails at $ 0.40, since the market slows down, are $ 0.35? (Cardano price analysis)

Ada fails at $ 0.40, since the market slows down, are $ 0.35? (Cardano price analysis)

Ada could not remain over 40 cents, and bears have taken over in the past few days.

Important support levels: $ 0.38, $ 0.35

Important resistance level: $ 0.40, $ 0.44

Since the purchase dynamics were lost, Ada fell back to the important support at 38 cents, and Bullen will have a hard time defending this important brand due to the low interest of the market participants.

The resistance is 40 cents and rejected the ADA's attempt to break out last week. The price has also formed a head-shoulder-top pattern that is declining.

trade volume: The volume has decreased steadily in the past few days. This has to change if ADA is supposed to stick to key support.

rsi : The day-RSI fell under 50 points and formed a lower high.

macd : The day macd is declining and its histogram forms lower lows. The sliding MACD average also expand downwards, which shows that the dynamics are currently favors sellers.

Diagram of Tradingview

bias

The tendency for ada is declining.

Short-term forecast for the ADA Prize

It is crucial for buyers to defend support at 38 cents. If you don't do this, Ada could go to 35 cents next to support.

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