The Cardano cryptocurrency (ADA) has experienced a decline in price from the $0.820 zone, and is now consolidating losses. It is at risk of further losses below the $0.7350 level. The price faced resistance near $0.820 and formed a short-term top, leading to a fresh decline. It is now trading below $0.7650 and the 100-hourly simple moving average. If the price fails to climb above the $0.7620 resistance level, it could start another decline. The immediate support is near $0.7350, with major support levels at $0.7350 and $0.7150. On the upside, the first resistance is near $0.7620, followed by $0.7680. A close above $0.7680 could lead to a strong rally towards the $0.80 region, and potentially $0.850 in the near term.



Other News from Today