$ADA Cardano (Cardano) closed above $0.25 on Sunday, indicating that the bears are losing control.
The 50-day moving average ($0.26) presents resistance, but if the bulls break through, the ADA/USDT pair could reach the descending trend line of the descending channel pattern. Sellers are expected to defend the downward trend line, as a close above it could indicate a potential shift in the short-term trend.
The $0.22 range is a key level to watch on the downside. If support is broken, the ADA price could begin the next leg down, approaching the $0.16 support line. #ADA
Source: Cointelegraph/Rakesh Upadhyay
The 50-day moving average ($0.26) presents resistance, but if the bulls break through, the ADA/USDT pair could reach the descending trend line of the descending channel pattern. Sellers are expected to defend the downward trend line, as a close above it could indicate a potential shift in the short-term trend.
The $0.22 range is a key level to watch on the downside. If support is broken, the ADA price could begin the next leg down, approaching the $0.16 support line. #ADA
Source: Cointelegraph/Rakesh Upadhyay