ADA price decline continues, while SEC is planning against Ripple judgment

ADA price decline continues, while SEC is planning against Ripple judgment

Cardano (ADA) fell by 0.95 %on Friday. After a loss of 2.17 % on Thursday, Ada closed the day at $ 0.313. The mood of the investors was burdened by the announcement of the SEC, against the judgment of the SEC against Ripple Court. The short-term technical indicators indicate that ADA could continue to fall under $ 0.300.

The ADA price campaign fell by 0.32 % to $ 0.312 this morning. After a mixed start, Ada rose to an early high of $ 0.314, but then fell to a low of $ 0.312.

The daily chart shows that Ada remained under the resistance tape from $ 0.326 to $ 0.328. While ADA was above the 50-dayema (0.311 US dollars), it was below the 200-dayemaa ($ 0.354), which sends interest bullies and long-term bear-like price signals. The decline in the 50-dayema compared to the 200-dayema indicates a declining momentum. The 14-day RSI of 52.56 signals a moderate optimistic outlook.

The 4-hour chart shows that ADA was on the 50-dayema ($ 0.314), but stayed above the 200-dayema ($ 0.306). In the short term, it sends back and long -term bullish price signals. The decline in the 50-dayema compared to the 200-dayema also indicates a declining short-term momentum. The 14-day RSI of 44.48 signals a declining outlook.

The news that the SEC wants to make a call against the verification of the SEC vs. Ripple appeal has an impact on ADA and other old coins that benefited from the judgment. In response to the court ruling, ADA reached a maximum of $ 0.379. The weekly developments at Cardano had limited effects, but there was a moderate increase in projects on the network and transactions.

For the coming day, investors should make the updates to the plans of the SEC, against the Ripple judgment, and keep an eye on messages about ETFs because they could influence the market.