Cardano (ADA) Price Predictions: Drop Below $1

  • ADA price declined below $1.00 and $0.92 against the US Dollar.
  • The price is now trading below $1.00 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $0.945 on the 4-hours chart (data feed via Bitfinex).
  • The price could extend decline if there is a clear move below the $0.800 support zone.

Cardano price is struggling below $1.00 against the US Dollar, unlike bitcoin. ADA price could start a recovery wave if there is a move above the $0.95 resistance.

Cardano Price Analysis

The post Cardano (ADA) Price Analysis: Downtrend Below $1 appeared first on Live Bitcoin News.

Read More

See also  Ripple Price Prediction: XRP/USD Consolidates Below $0.75 Level