$ADA Technical Analysis

Cardano (ADA) price has reversed downwards from the $0.37 level, indicating that bears are attempting to turn this area into a resistance zone.

Sellers will attempt to resume the downtrend by pushing the Cardano price below $0.34. If that happens, the ADA/USDT pair could plummet to $0.30 and then to the October 10th low of $0.27.

Time is running out for the bulls. They need to quickly push the price above the moving averages to signal a recovery. Then, the pair could rise to the $0.50 region – the previous breakout level, which will likely act as a major barrier.

ADAUSDT

Διην.

0.4219

+5.68%