- ADA price started a major decline from well above $2.20 against the US Dollar.
- Prețul se tranzacționează acum sub 2.00 USD și media mobilă simplă de 55 (4 ore).
- A existat o pauză sub o linie majoră de tendință alcista, cu suport de aproape 2.00 USD pe graficul de 4 ore (flux de date prin Bitfinex).
- The price might extend its decline below the $1.92 support zone in the near term.
Cardano price is gaining pace below $2.00 against the US Dollar, unlike Bitcoin. ADA price must stay above $1.92 to avoid more losses in the coming sessions.
Analiza prețurilor Cardano
After forming a base above $2.00, cardano price started a fresh increase against the US Dollar. The ADA/USD pair gained pace for a move above the $2.20 level and the 55 simple moving average (4-hours).
The price struggled to clear the $2.40 resistance zone. A high was formed near $2.38 before there was a fresh decline. The bears gained strength for a move below the $2.20 support zone. Besides, there was a break below a major bullish trend line with support near $2.00 on the 4-hours chart.
The price traded below the $2.00 support zone and the 55 medie în mișcare simplă (4 ore). The price traded as low as $1.915, and it is now consolidating losses. On the upside, an initial hurdle is near the $1.96 level. It is near the 23.6% Fib retracement level of the downward move from the $2.09 swing high to $1.915 low.
The first key resistance is near the $2.00 level. It is close to the 50% Fib retracement level of the downward move from the $2.09 swing high to $1.915 low. The main resistance is forming near $2.08 and the 55 SMA.
If there is an upside break above the $2.08 zone, the price could rally above $2.10. The next major resistance could be near the $2.20 level. On the downside, an immediate support is near the $1.92 level.
The first major support is near $1.90. Any more losses might lead the price towards the $1.80 level. A close below the $1.80 level might spark more downsides. The next support is near $1.65, below which the bears could gain strength in the near term.
Cardano (ADA) Preț
diagramă indicates that ADA price is now trading below $2.00 and the 55 simple moving average (4-hours). Overall, the price might extend its decline below the $1.92 support zone in the near term.
Indicatori tehnici
4 hours MACD – The MACD for ADA/USD is moving in the bearish zone.
4 ore RSI - RSI pentru ADA / USD este acum mult sub nivelul de 50.
Niveluri cheie de asistență - 1.90 $ și 1.80 $.
Niveluri cheie de rezistență - 2.08 $ și 2.10 $.
Sursă: https://www.livebitcoinnews.com/cardano-ada-price-analysis-risk-of-more-downsides-below-1-9/
