How deep can Ada fall after it has not stayed over $ 0.35? (Cardano price analysis)

How deep can Ada fall after it has not stayed over $ 0.35? (Cardano price analysis)

Cardano tried last week to recover, but at the weekend the bears took over the price movement.

Important support levels: $ 0.30

Important resistance level: $ 0.35, $ 0.38

With sellers on the offensive, ADA is in a downward trend after he failed to break through the key resistance at 38 cents. Today the bear managed to press the price below $ 0.35, which could pave the way for this cryptocurrency to fall up to $ 0.30, where the most important support is waiting.

Diagram of Tradingview

trade volume: The volume has decreased, but bears continue to dominate the price movement.

rsi : The daily RSI has fallen under 50 points today, which is a negative signal.

macd : The daily MacD histogram forms lower highs and could later make a declining cross this week if the momentum continues to favor.

Diagram of Tradingview

bias

The tendency for ada is declining.

Short-term forecast for the ADA Prize

Since the upward trend has been lost, the buyers are on the defensive. The best chance to turn this declining momentum is to recapture the level at 35 cents. Otherwise, the bulls will rather retire to 30 cent support, where they were successful in the past.

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