Veröffentlicht von • Cardano (ADA) price is trading in a bearish zone below the $0.42 support zone against the US Dollar.
• There is a key bearish trend line forming with resistance near $0.3850 on the 4-hour chart (data feed via Coinbase).
• ADA price could start a fresh increase if it clears the $0.385 and $0.400 resistance levels.
Cardano Price Analysis
Bearish Trend Below $0.40
Cardano (ADA) price is trading in a bearish zone below the $0.42 support zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.3850 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.40 resistance zone.
Upside Potential
Cardano price could start a fresh increase if it clears the $0.385 and $0.400 resistance levels. A clear upside break above the $0