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Cardano Price Analysis: ADA/USD Downtrend Continues

Cardano Price – ADA esteem endeavored to move over the $0.1400 restriction level and declined against the US Dollar. View the latest ADA price
Cardano Price – ADA esteem endeavored to move over the $0.1400 restriction level and declined against the US Dollar. View the latest ADA price

Key Features Cardano ADA/USD 27 June

  • Cardano – ADA esteem endeavored to move over the $0.1400 restriction level and declined against the US Dollar (attached).
  • There are two key bearish example lines molded with restriction at $0.1300 and $0.1350 on the hourly graph of the ADA/USD join (data feed by Bittrex).
  • The consolidate is likely going to grow the present slide beneath the $0.1250 reinforce level in the nearby term.

Cardano esteem endeavored to hold gets against USD and BTC. ADA/USD is as of now in a bearish example with supports at $0.1200 and $0.1100.

 

Cardano price 27 june
Cardano price 27 june

 

Cardano-ADA Value Investigation

There was no upside break above $0.1500 in Cardano price against the US Dollar. The ADA/USD coordinate even fail to settle over the $0.1400 check level. In this manner, there was a downside reaction and the cost declined underneath the $0.1300 support an area. It is by and by trading extraordinary underneath the $0.1400 turn level and the 100 hourly clear moving normals.

In the midst of the continuous slide, the cost broke the 61.8% Lie retracement level of the last wave from the $0.1197 low to $0.1388 high. It has opened the portals for more adversities and the cost is directly at a threat of further slides underneath $0.1250. The accompanying help on the downside is seen near $0.1200. Underneath this, the cost may possibly test the $0.1100 level. On the upside, there are various insurances underneath the $0.1400 level. More essentially, there are two key bearish example lines surrounded with restriction at $0.1300 and $0.1350 on the hourly blueprint of the ADA/USD consolidate.

 

ADA/USD Cardano price examination 27 June

The above outline graph demonstrates that the cost is most likely going to face a ton of shippers on the upside among $0.1300 and $0.1400. Only a compelling close above $0.1400 may stop the present slide. If not, the cost will without a doubt widen rots towards the $0.1100 level.

Hourly MACD – The MACD for ADA/USD is placed enthusiastically in the bearish zone.

Hourly RSI – The RSI for ADA/USD is as of now well underneath the 50 level with bearish signs.

Noteworthy Help Level – $0.1200

Noteworthy Opposition Level – $0.1350

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Written by Coinnounce Team

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