ADA (Cardano) experienced a 10% crash as bears return to the market. The key support levels are at $0.90 and $0.73, while key resistance levels are at $1 and $1.3. If the support at 90 cents does not hold, ADA may see a further decrease towards 73 cents, potentially indicating a prolonged correction. The volume, price, RSI, and MACD histogram are all showing bearish signals. The weekly MACD also suggests a bearish cross is imminent, which could lead to a long correction and a drop to 73 cents or lower. However, it is premature to make any conclusions until the 90 cents support level is broken.
Content Editor ( cryptopotato.com )
- 2025-01-27
Why is the Cardano (ADA) Price Down Today
