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Cardano Price Analysis: ADA/USD 29 June

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Key Highlights Cardano Price Analysis: ADA/USD 29 June

  • Cardano price is under overwhelming weight and is as of now exchanging admirably beneath $0.1300 against the US Dollar (fastened).
  • There is an eloquent bearish pattern line mounted with hindrance at $0.1210 on the hourly diagram of the ADA/USD match.
  • The match is probably going to proceed with its drawback move towards the $0.1100 bolster level in the close term.

Cardano price expanded its slide against the US Dollar and Bitcoin. ADA/USD stays at a menace of more squalor towards the $0.1100 and $0.1000 parallel.

 

Cardano Price Analysis

There was a minor upside move over the $0.1250 level as of late in ADA price against the US Dollar. The ADA/USD combine exchanged towards $0.1300, however it neglected to pick up upside force. Accordingly, there was a drawback response and the price declined underneath the $0.1200 bolster. The drop was with the end goal that the price exchanged to another month to month low underneath $0.1140 and is as of now exchanging admirably beneath the 100 hourly straightforward moving normal.

A low was framed at $0.1132 and the price is right now adjusting higher. An underlying opposition is close to the 38.2% Fib retracement level of the last decay from the $0.1287 high to $0.1132 low. In any case, the most critical obstruction is close to the $0.1210 level. There is likewise an essential bearish pattern line framed with obstruction at $0.1210 on the hourly graph of the ADA/USD combine. It concurs with the half Fib retracement level of the last decrease from the $0.1287 high to $0.1132 low. Along these lines, any upside move from the present levels is probably going to confront merchants close $0.1210.

Cardano Price Analysis june 29
Cardano Price Analysis june 29

 

Cardano Price Analysis ADA USD

The outline shows that the price is obviously in a noteworthy downtrend underneath $0.1500. More misfortunes are likely towards the $0.1100 and $0.1000 bolster levels in the close term.

Hourly MACD – The MACD for ADA/USD is elevating measure in the bearish territory.

Hourly RSI – The RSI for ADA/USD is close to the oversold levels with no real indication of a recuperation.

Significant Support Level – $0.1100

Significant Resistance Level – $0.1210

Disclaimer: Coinnounce's views are not necessarily reflected in the articles published, and they are the sole representation of the author's opinions. Article's information should not be taken as investment advice. Risks are involved in cryptocurrency investments and trading. Readers are urged to carry out extensive research before making a decision.

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