Cardano's downward trend increases, is $ 0.30 ahead? (Ada price analysis)

Cardano's downward trend increases, is $ 0.30 ahead? (Ada price analysis)

Cardano had a difficult opening on Monday when the price fell quickly. The cryptocurrency formed a deeper deep.

Important support levels: $ 0.35, $ 0.30

Important resistance level: $ 0.38, $ 0.40

Ada reached its climax at 40 cents, and since then the price has entered a downward trend that continued throughout February. The current level of support is 35 cents after the buyers have not managed to stop the correction at 38 cents, which has now turned into a resistance.

trade volume: The volume closed in red for five days last week. This indicates that bears have the upper hand.

rsi : The daily RSI fell under 50 points and could not be reversed and break it. This is Bearish.

macd : The daily MacD histogram is on the negative side, and the buyers do not seem to have the strength to reverse this.

bias

The tendency for ada is declining.

Short-term forecast for the ADA Prize

Cardano's failure to break the resistance at 40 cents has declined. If the support is 35 cents, it would be more likely that ADA's course will fall to 30 cents towards the end of February.

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