Cardano Price Technical Analysis – ADA/USD Remains at Risk

Key Highlights

  • ADA worth declined sharply and is at the moment buying and selling effectively under the $Zero.20 degree towards the US Greenback (tethered).
  • There’s a short-term contracting triangle forming with resistance at $Zero.1800 on the hourly chart of the ADA/USD pair (information feed through Bittrex).
  • The pair stays at a danger of extra declines if it fails to carry the $Zero.1650 help degree.

Cardano worth is underneath strain towards the US Greenback and Bitcoin. ADA/USD could appropriate just a few factors, but it surely may fail to maneuver above the $Zero.18-Zero.19 resistance zone.

Cardano Price Help

The previous few days had been largely bearish as ADA worth declined under the $Zero.2000 help degree towards the US Greenback. The worth prolonged losses and even closed under the $Zero.1900 degree. The latest worth motion was bearish and the worth traded in direction of the $Zero.1650 degree. A low was shaped at $Zero.1670 earlier than the worth began a tiny upside…

Read full story