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Cardano crashes by 15 % weekly, how deep can it drop? (Ada price analysis)
Since the market volatility returned, Ada was not spared and became red. Important support levels: $ 0.30 Important resistance level: $ 0.33 The Cardano price has fallen by 15 % since Monday, when the Sec Binance sued. Ada fell below 33 cents, which now acts as a resistance. The current support is 30 cents and the buyers seem to have disappeared. Diagram of TradingView Commercial volume: The sales volume increased dramatically at the beginning of this week. The price reacted quickly and crashed. RSI: The daily RSI fell to 30 points and almost reached the oversold area. This is pessimistic. MACD: The daily ...
Cardano crashes by 15 % weekly, how deep can it drop? (Ada price analysis)
Since the market volatility returned, Ada was not spared and was red.
Important support levels: $ 0.30
Important resistance level: 0.33 $
The Cardano price has been 15 % of the Cardano since Monday, when the SEC Binance sued. Ada fell below 33 cents, which now acts as a resistance. The current support is 30 cents and the buyers seem to have disappeared.
trade volume: The sales volume increased dramatically earlier this week. The price reacted quickly and crashed.
rsi : The daily RSI fell to 30 points and almost reached the oversold area. That is pessimistic.
macd : The daily MacD was bullish last Sunday. Since then it has become bear and the current dynamic is negative.
Diagram of Tradingview
bias
The tendency for Ada is bearish.
Short-term forecast for the ADA Prize
Since the buyers fail to contain the sale, Ada is in a sharp decline. The hope is that the support of 30 cents manages to stop the current attack and to make some relief. The tendency is bearish and a test of important support seems likely.
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