The price of Cardano (ADA) is moving in a range below the moving averages. ADA price analysis by Coinidol.com.
Va'aiga umi mo Cardano tau: bearish
The negative trend has stopped above the support level of $0.43 after reaching a low of $0.40. Cardano is now trading above the current support of $0.43 but below the moving average lines or resistance at $0.51. The moving average lines are currently holding back the upside as the ADA price hovers above the $0.46 support level.
Should the bears break the current support, the ADA price will retest the previous low of $0.40. Nonetheless, the range-bound movement will continue if the current support at $0.43 holds.
Iloiloga o faʻailoga Cardano
The ADA price bars are below the moving average lines, suggesting that the cryptocurrency will fall. The 21-day SMA is now holding back rising advances. On the 4-hour chart, doji candlesticks have prompted the altcoin to consolidate above the $0.46 support. The current consolidation could lead to a price dip or breakout.
Faʻamatalaga faʻapitoa
Sone tetee autu: $0.80, $0.85, $0.90
Sone lagolago autu: $0.50, $0.45, $0.40
O le a le isi gaioiga mo Cardano?
Cardano has stopped its downtrend and is now trading in a range. On the 4-hour chart, the cryptocurrency is trading above the support of $0.43 and below the high of $0.52. Cardano was pushed back at its last high and is currently stabilizing above the support of $0.46. The price action has remained stationary due to the doji candlesticks.
Fa'ailoga. O lenei auʻiliʻiliga ma faʻamatalaga o manatu patino ia o le tusitala ma e le o se fautuaga e faʻatau pe faʻatau atu cryptocurrency ma e le tatau ona vaʻaia o se faʻamaoniga a CoinIdol.com. E tatau i le aufaitau ona fai a latou suʻesuʻega aʻo leʻi faʻafaigaluegaina tupe.
Source: https://coinidol.com/cardano-stabilizes-above/