Cardano (ADA) Struggles: Can Bulls Prevent Further Losses?
2024年10月3日 - 2:08PM
NEWSBTC
Cardano price started a fresh decline from the $0.3850 resistance.
ADA is consolidating above $0.3350 and might attempt a recovery
wave. ADA price started a downward move below the $0.3550 support
level. The price is trading below $0.350 and the 100-hourly simple
moving average. There is a short-term bearish trend line forming
with resistance at $0.3480 on the hourly chart of the ADA/USD pair
(data source from Kraken). The pair could continue to move down if
it stays below the $0.360 resistance zone. Cardano Price Dips Again
After testing the $0.4150 resistance, Cardano struggled to continue
higher. ADA formed a short-term top and started a fresh decline
like Bitcoin and Ethereum. There was a move below the $0.3850 and
$0.3650 support levels. The price even declined below $0.350 before
the bulls appeared. A low was formed at $0.3360 and the price is
now consolidating losses. There was a minor move above the $0.3420
level. The price tested the 23.6% Fib retracement level of the
downward move from the $0.3853 swing high to the $0.3360 low.
Cardano price is now trading below $0.360 and the 100-hourly simple
moving average. On the upside, the price might face resistance near
the $0.3500 zone. There is also a short-term bearish trend line
forming with resistance at $0.3480 on the hourly chart of the
ADA/USD pair. The first resistance is near $0.360 or the 50% Fib
retracement level of the downward move from the $0.3853 swing high
to the $0.3360 low. The next key resistance might be $0.3740. If
there is a close above the $0.3740 resistance, the price could
start a strong rally. In the stated case, the price could rise
toward the $0.400 region. Any more gains might call for a move
toward $0.4150. More Downsides in ADA? If Cardano’s price fails to
climb above the $0.3500 resistance level, it could start another
decline. Immediate support on the downside is near the $0.340
level. The next major support is near the $0.3350 level. A downside
break below the $0.3350 level could open the doors for a test of
$0.3220. The next major support is near the $0.300 level where the
bulls might emerge. Technical Indicators Hourly MACD – The MACD for
ADA/USD is gaining momentum in the bearish zone. Hourly RSI
(Relative Strength Index) – The RSI for ADA/USD is now below the 50
level. Major Support Levels – $0.3400 and $0.3350. Major Resistance
Levels – $0.3500 and $0.3600.
TRON (COIN:TRXUSD)
過去 株価チャート
から 10 2024 まで 11 2024
TRON (COIN:TRXUSD)
過去 株価チャート
から 11 2023 まで 11 2024