Cryptocurrency

Cardano

Daily

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/cardano-ada-prices-usd" title="Cardano's price" class="f-link" rel="noopener noreferrer nofollow">Cardano's price</a> is currently trading below the $0.500 resistance zone, suggesting potential bearish momentum.</li>
 <li>The 100 SMA (H4) is a critical indicator, indicating a possible decline if $ADA remains below it.</li>
 <li>Bullish momentum may trigger a fresh price increase if ADA maintains position above the $0.5000 resistance level.</li>
 <li>Recent data reflects a bearish sentiment, with a 3.30% correction within the past day and an 11.95% decline over the past week.</li>
 <li>The EMA 200-day acts as a significant resistance level, indicating strong bearish sentiment prevailing in the crypto market.</li>
 <li>A Death Cross observed in the Daily time frame implies a bearish outlook for #Cardano in the coming week.</li>
 <li>Potential bullish momentum could drive $ADA to test its resistance level at $0.52 during the week.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar's analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar's analysis</a>, Conversely, failure to regain momentum may result in ADA's price testing crucial support levels at $0.440 and $0.400.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.4800-$0.5200
SUPPORT LEVEL : $0.4200-$0.4000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgement, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Cardano Price Prediction: Is the Bottom Near or Far for ADA?

Coingabbar

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