The Cardano price Cryptocurrencies today are vulnerable, as the market shows negative sentiment towards crypto pairs, according to analysis. ADA does not seem to be able to find support as the coin faced a denial at the start of the trading session after yesterday’s price decline. Fluctuations in the lows towards $ 0.438 were also observed, but then prices recovered and closed at $ 0.458 yesterday. The coin hasn’t found any support yet, so the price has dropped to $ 0.449. This situation suggests the fact that the bears are gaining momentum, and more damage may be seen in the coming days.
If the bearish impact continues, ADA may discover new lows this year as prices are already at their lowest levels since February 6, 2021. However, coins have maintained their price level for the past few weeks, but today prices are declining. Further down.
ADA / USD Daily Price Chart: If ADA loses 1.92% value, bears will incur more losses
Daily price chart Cardano Price analysis predicts losses as price levels have fallen to new levels today. As of today, prices have been declining significantly over the past six days. Currently, the price of ADA / USD has been hovering at the $ 0.449 level, and the coin has lost 1.92% in the last 24 hours and 7.50% in the past week, so it is expected to move towards a lower range. Will be done. .. Moving average (MA) values, on the other hand, can be found at the $ 0.477 level.
The bearish trend is very stable and volatility is low. The Bollinger Bands upper and lower limits in the price chart above are $ 0.517 and $ 0.442, respectively, representing resistance and support, respectively. The Relative Strength Index (RSI) score has dropped and is now at a lower level at Index 39. However, the gradient is not very steep, indicating moderate sales activity in the market.
Cardano Price Analysis: 4-hour price chart and further technical adaptation
Hourly Cardano price analysis gives negative hints on recent trends. Prices have fallen to a certain level and the bearish momentum is regaining momentum. This has brought about a major setback as prices have fallen after a 12-hour recovery yesterday. The current price is $ 0.450 and it is highly predictable that more losses are on the path of cryptocurrencies. The moving average for certain price charts is $ 0.452, slightly above the current price level.
Due to the high volatility, the Bollinger Bands value has also changed, with an upper limit of $ 0.492 and a lower limit of $ 0.437. The volatility indicator shows a downward movement as a whole. The RSI score also dropped as the curve was downhill and reached index 38 in the lower half of the neutral zone.
Cardano Price Analysis: Conclusion
From the 4 hour 1 day Cardano price analysis above, we can see that the price level has dropped to the lowest level. Price flows are also categorized into different levels of support, with new support below the $ 0.450 range. Of coins Current price. It is expected that the price will drop further from here as well.
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