Cardano Price Technical Analysis – Can ADA/USD Hold $0.15?

Key Highlights

  • ADA value traded additional decrease just lately and declined in direction of the $zero.1500 degree in opposition to the US Greenback (tethered).
  • There’s a main bearish development line in place with resistance at $zero.1600 on the hourly chart of the ADA/USD pair (knowledge feed by way of Bittrex).
  • The pair has to maneuver above the $zero.1600 and $zero.1650 resistance ranges to get better within the quick time period.

Cardano value is below strain in opposition to the US Greenback and Bitcoin. ADA/USD should keep above the $zero.1500 degree to keep away from additional declines within the close to time period.

Cardano Price Resistance

There was no upside restoration to this point this week above $zero.2000 in ADA value in opposition to the US Greenback. The value prolonged declines beneath the $zero.1800 degree and is at the moment buying and selling properly beneath $zero.2000. The decline was such that the worth additionally broke the $zero.1600 degree. It even…

Read full story