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Altcoin — Opinion

Cardano Price Analysis ADA/USD possible downtrend 9 July

,   and  Coinnounce Team
Cardano Price – ADA esteem endeavored to move over the $0.1400 restriction level and declined against the US Dollar. View the
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 Highlights Cardano Price Analysis 9 July

  • ADA price is exchanging beneath the $0.1500 support and is as of now in a bearish zone against the US Dollar (fastened).
  • There is a key bearish pattern line shaped with resistance at $0.1450 on the hourly graph of the ADA/USD combine (information feed by means of Bittrex).
  • The combine may keep on moving down towards the $0.1400 and $0.1380 support levels in the close term.

Cardano price is feeling the squeeze against the US Dollar and Bitcoin. ADA/USD is probably going to retest the $0.1400 support if venders stay in real life.

Cardano Price Analysis

There was a new drawback move started from the $0.1580 high in ADA price against the US Dollar. The ADA/USD match declined beneath the $0.1500 support and moved into a bearish zone. A middle of the road high was framed at $0.1494 and the price is as of now moving lower. It as of late broke the $0.1460 support and the 100 hourly straightforward moving normal. In addition, there was a break beneath the half Fib retracement level of the last wave from the $0.1375 low to $0.1494 high.

It appears like the price may maybe expand the present decay beneath the $0.1420 level. A prompt support is around the 76.4% Fib retracement level of the last wave from the $0.1375 low to $0.1494 high. Beneath this, the $0.1400 support could stop the decay. At long last, if the price decays further, it could return to the last low of $0.1375. For the time being, an upward move is probably going to confront resistances close to the $0.1450 level and the 100 hourly SMA. Also, there is a key bearish pattern line framed with resistance at $0.1450 on the hourly outline of the ADA/USD combine.

Cardano Price Analysis 9 July
Cardano Price Analysis 9 July

Cardano Price Analysis ADA USD

The outline demonstrates that the price looks set for a broadened amendment. In any case, the $0.1400 support holds a considerable measure of significance for the time being.

Hourly MACD – The MACD for ADA/USD is presently moving in the bearish zone.

Hourly RSI – The RSI for ADA/USD is at present well beneath the 50 level.

Major Support Level – $0.1400

Major Resistance Level – $0.1460

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