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Will Cardano (ADA) Price Hold Its Support Or Record A Crash?
The post Will Cardano (ADA) Price Hold Its Support Or Record A Crash? appeared on BitcoinEthereumNews.com. Despite increased price action in the crypto market, the Cardano price has displayed a neutral price action for a brief period. Furthermore, the 11th largest crypto token is hovering close to its crucial support, indicating uncertainty in future price movements. Is the ADA crypto holding its value above the $0.330 a bullish sign? Or is this crypto on the cusp of experiencing a major price correction during the upcoming time? In this article, we have covered the short-term price prospects of the Cardano (ADA) token. ADA Crypto Records Consolidated Price Action! Amid increased price volatility. The Cardano token has dropped ~2% in the past 24 hours with a trading volume of $288.65 million. Moreover, it has recorded a neutral price action over the past month by recording a variation of >1% in valuation. Moreover, this altcoin has been trading close to its crucial support of around $0.330 since August. By facing repeated rejection at its resistance level of $0.4075, the market sentiments indicate a strong sell-off point at that level. Cardano Technical Sentiments The EMA 50-day is on the verge of experiencing a bearish convergence in the 1D time frame. This highlights a weak buying pressure for the altcoin in the crypto market. Further, the Relative Strength Index (RSI) has recorded a sharp drop toward its neutral point. With a high possibility of a negative crossover in its average trendline, the ADA price may continue losing momentum this week. Will ADA Coin Price Retest $0.50 This Q4? If the bulls resurface, the Cardano token will prepare to retest its resistance level of $0.4075. Maintaining the price at that level will set the stage for it to head toward its upper resistance level of $0.50 during the upcoming weeks. Conversely, if the bearish sentiment intensifies, this altcoin could retest its crucial…
The post Will Cardano (ADA) Price Hold Its Support Or Record A Crash? appeared on BitcoinEthereumNews.com.
Despite increased price action in the crypto market, the Cardano price has displayed a neutral price action for a brief period. Furthermore, the 11th largest crypto token is hovering close to its crucial support, indicating uncertainty in future price movements. Is the ADA crypto holding its value above the $0.330 a bullish sign? Or is this crypto on the cusp of experiencing a major price correction during the upcoming time? In this article, we have covered the short-term price prospects of the Cardano (ADA) token. ADA Crypto Records Consolidated Price Action! Amid increased price volatility. The Cardano token has dropped ~2% in the past 24 hours with a trading volume of $288.65 million. Moreover, it has recorded a neutral price action over the past month by recording a variation of >1% in valuation. Moreover, this altcoin has been trading close to its crucial support of around $0.330 since August. By facing repeated rejection at its resistance level of $0.4075, the market sentiments indicate a strong sell-off point at that level. Cardano Technical Sentiments The EMA 50-day is on the verge of experiencing a bearish convergence in the 1D time frame. This highlights a weak buying pressure for the altcoin in the crypto market. Further, the Relative Strength Index (RSI) has recorded a sharp drop toward its neutral point. With a high possibility of a negative crossover in its average trendline, the ADA price may continue losing momentum this week. Will ADA Coin Price Retest $0.50 This Q4? If the bulls resurface, the Cardano token will prepare to retest its resistance level of $0.4075. Maintaining the price at that level will set the stage for it to head toward its upper resistance level of $0.50 during the upcoming weeks. Conversely, if the bearish sentiment intensifies, this altcoin could retest its crucial…
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