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How low can ADA fall after failing to stay above $0.35? (Cardano price analysis)

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Cardano attempted to rally last week, but bears took over the price action over the weekend. Key Support Levels: $0.30 Key Resistance Levels: $0.35, $0.38 With sellers on the offensive, ADA is in a downtrend after failing to break key resistance at 38 cents. Today, the bears managed to push the price below $0.35, which could pave the way for this cryptocurrency to fall to $0.30, where key support awaits. Chart from TradingView Trading Volume: Volume has declined but bears continue to dominate price action. RSI: The daily RSI today is...

Cardano versuchte letzte Woche, sich zu erholen, aber am Wochenende übernahmen die Bären die Kursbewegung. Wichtige Unterstützungsniveaus: 0,30 $ Wichtige Widerstandsniveaus: 0,35 $, 0,38 $ Mit Verkäufern in der Offensive befindet sich ADA in einem Abwärtstrend, nachdem es ihm nicht gelungen ist, den Schlüsselwiderstand bei 38 Cent zu durchbrechen. Heute gelang es den Bären, den Preis unter 0,35 $ zu drücken, was den Weg dafür ebnen könnte, dass diese Kryptowährung bis auf 0,30 $ fällt, wo die wichtigste Unterstützung wartet. Diagramm von TradingView Handelsvolumen: Das Volumen ist zurückgegangen, aber Bären dominieren weiterhin die Preisbewegung. RSI: Der tägliche RSI ist heute …
Cardano attempted to rally last week, but bears took over the price action over the weekend. Key Support Levels: $0.30 Key Resistance Levels: $0.35, $0.38 With sellers on the offensive, ADA is in a downtrend after failing to break key resistance at 38 cents. Today, the bears managed to push the price below $0.35, which could pave the way for this cryptocurrency to fall to $0.30, where key support awaits. Chart from TradingView Trading Volume: Volume has declined but bears continue to dominate price action. RSI: The daily RSI today is...

Cardano attempted to rally last week, but bears took over the price action over the weekend.

Key Support Levels: $0.30

Key resistance levels: $0.35, $0.38

With sellers on the offensive, ADA is in a downtrend after failing to break key resistance at 38 cents. Today, the bears managed to push the price below $0.35, which could pave the way for this cryptocurrency to fall to $0.30, where key support awaits.

ADAUSDT_2023-03-27_12-49-42Chart from TradingView

Trading volume:Volume has declined but bears continue to dominate the price action.

RSI: The daily RSI has fallen below 50 points today, which is a negative signal.

MACD: The daily MACD histogram is making lower highs and could make a bearish cross later this week if momentum continues to favor sellers.

ADAUSDT_2023-03-27_12-49-55Chart from TradingView

Bias

The trend for ADA is bearish.

Short-term forecast for ADA price

Since the uptrend has been lost, buyers are on the defensive. The best chance of reversing this bearish momentum is to reclaim the 35 cent level. Otherwise, the bulls are more likely to retreat to the 30 cent support, where they have had success in the past.

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