- ADA coin price is currently seeing a downside momentum and can soon see a new high in the future. It is currently down by more than 1.5% in the intraday session.
- Cardano technical indicators suggest a downside momentum in the price for the future. Meanwhile, ADA/BTC pair has observed a loss of more than 1.86% in the past 24 hours.
ADA coin price is currently seeing a downside momentum and can soon see a new low in the future. The hostile region of the coin while going upwards can be seen near $2.5. Meanwhile, the coin support while going upwards can be seen near $1.5.. The asset price is currently trading below the 50 and above 100 Daily Moving Average, with an upcoming negative crossover. The 50 DMA (Red) line is currently near $2.14 making a temporary resistance zone for the price. Cardano’s price and has an ROI of more than 6400% which has benefitted various investors. It is currently seeing a downside momentum and can soon see a new high in the future. One can forecast a strong upside momentum in the future
ADA token market dominance and market cap are seeing a decline and can hit a new low in the future. The volume of ADA is seeing a decline but can soon see a surge in the future. The volume to market capitalization ratio of the coin suggests a strong upside trend for the price.
Bears Of ADA Coin Price Might Push It To A Lower Level
Cardano’s price is currently seeing a downside momentum and can soon hit a new low in the future. On the daily chart, ADA coin price is forming a bearish pattern in the daily chart. If the price breaks below the consolidation then a strong downside momentum can be seen. ADA/BTC pair can also observe a new high in the future.
The volume indicator of the Cardano is near 62M suggesting a selling pressure in price. If the price goes above $2.5 then a strong upside trend can be seen.
Conclusion
ADA coin price is currently seeing a downside trend which can push it to a lower level. Cardano can soon revert to the uptrend in future
Technical Levels
Major Resistance:$2.2
Major Support: $1.5
