Cardano Price Analysis: ADA/USD Decline Below $0.030 Looks Real

Key Highlights ADA price declined heavily and broke the $0.0320 and $0.0300 support levels against the US Dollar (tethered). There are two bearish trend lines formed with resistance at $0.0320 and $0.0350 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct higher in the short term, but upsides remain capped near $0.0320 and $0.0310. Cardano price is under heavy selling pressure against the US Dollar and Bitcoin. ADA/USD may continue to decline and it could test the $0.0260 support. Cardano Price Analysis There…

Cardano Price Analysis: ADA/USD Could Extend Declines Below $0.038

Key Highlights ADA price failed to stay above the $0.0380 support and declined recently against the US Dollar (tethered). There was a break below a major bullish trend line with support at $0.0398 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could continue to move down and it is likely to revisit the $0.0350 support level. Cardano price failed to gain momentum against the US Dollar and Bitcoin. ADA/USD declined below $0.0380 and it could continue to move down towards $0.0350. Cardano Price Analysis…

Cardano Price Analysis: ADA/USD Remains Supported Above $0.035

Key Highlights ADA price topped near the $0.0440 level and later corrected lower against the US Dollar (tethered). There is a major breakout pattern in place with resistance at $0.0430 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could dip in the short term, but it remains supported near $0.0395 and $0.0378. Cardano price is holding gains against the US Dollar and Bitcoin. ADA/USD musts stay above $0.0370 and $0.0350 for a fresh upward move in the near term. Cardano Price Analysis There were…

Cardano Price Analysis: ADA/USD Could Climb Above $0.045

Key Highlights ADA price started a decent recovery after forming a support at $0.0350 against the US Dollar (tethered). There is a short term bullish trend line formed with support at $0.0410 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to climb further higher and it may even break $0.0450 in the near term. Cardano price recovered recently against the US Dollar and Bitcoin. ADA/USD may accelerate gains above the $0.0440 and $0.0450 resistance levels. Cardano Price Analysis After forming a support…

Cardano Price Analysis: ADA/USD Could Recover Above $0.042

Key Highlights ADA price found a strong support near the $0.0350 level and recovered against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0362 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to rebound further higher towards the $0.0400 and $0.0420 levels in the near term. Cardano price is slowly recovering against the US Dollar and Bitcoin. ADA/USD may continue to recover towards the $0.0420 or even $0.0450 level. Cardano Price Analysis After…

Cardano Price Analysis: ADA/USD Eyeing Upside Break Above $0.042

Key Highlights ADA price declined sharply below the $0.0400 support and traded towards $0.0340 against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0400 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely test the $0.0420 resistance level, which is a crucial barrier for buyers. Cardano price extended losses before buyers appeared against the US Dollar and Bitcoin. ADA/USD must break $0.0420 to gain upside momentum in the near term. Cardano Price Analysis There were further…

ADA/USD Very Bearish Below 6 cents

Latest Cardano News Underpinning Cardano are three core objectives guiding its roadmap: the growth of the community and its needs, a distributed and resilient network true to the original vision of Satoshi Nakamoto and creating checks and balance between research and development so that commercial interest never eclipse the peer review foundation of the platform. This is why Cardano isn’t caving to pressure and with several external auditors as Grimm, RPI Cryptography Group and FP watching quality and holding IOHK accountable, operation guidelines are clear. During the Malta Blockchain Summit,…

Cardano Price Analysis: ADA/USD Settled Below Key $0.05 Support

Key Highlights ADA price fell sharply and declined below the $0.0600 and $0.0500 support levels against the US Dollar (tethered). There is a major bearish trend line formed with resistance at $0.0490 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading well below the $0.0500 support and it could decline further. Cardano price declined below key supports against the US Dollar and Bitcoin. ADA/USD may correct higher, but it could face sellers near $0.049 and $0.050. Cardano Price Analysis During the past…

Cardano (ADA/USD) Print New Lows

It’s back to red territory for altcoins and with double digit losses, prices are trading below important support levels. Leading the pack is LTC/USD which is down 14 percent in the last day and ADA/USD trading below 6 cents as bears print new all time lows. At this pace it is likely that Monero will further shrink and convincing close below $70 as sellers aim to drive prices towards $60. Let’s have a look at these charts: EOS/USD Price Analysis There has been a BCH–EOS flip and Dan Larimer’s coin…

Cardano Price Analysis: ADA/USD Accelerating Losses Below $0.060

Key Highlights ADA price extended losses below the $0.0620 and $0.0600 support levels against the US Dollar (tethered). There was a break below a connecting bullish trend line with support at $0.0614 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading well below $0.0600 and it could continue to move down in the near term. Cardano price fell significantly recently against the US Dollar and Bitcoin. ADA/USD is likely to decline further towards the $0.0530 level. Cardano Price Analysis In the last…