ADA Technical Analysis
To quantify, ADA is down eight percent and this means sellers have since reversed all of April gains. At current prices, bears are one cent away from 12 cents, a key support line marking the last three months support.
Looking at the Technical Indicators
Major Support Level: $0.1971
Major Resistance Level: $0.2177
Fib 23.6% Retracement Level: $0.2222
Fib 38% Retracement Level: $0.2539
Fib 62% Retracement Level: $0.3051
The relative strength index is breaking out from the oversold territories, though, so buyers could be ready to push back the value of the coin. The near-term downward trendline connecting the recent highs of this month is also in line with the mid-channel interest area to add to its strength as resistance. A decline below the bottom channel at 0.1200 could result in a precipitous drop.
This is not investment advice" disclaimer I use when posting about investments.
Thanks for sharing about ADA cryptocurrency..
This is one of the favorite coin of mine. It always give too much profit.
best for me,it have lot of project under it and if its complete all price will booommmm.
ETH OF JAPAN
I love cardano. Wiaitng for it to come back though.
Soon cardano price will boom. I like this coin. Soon it bull run will start. What do u think @mnidkyfc ?
nice coin r u interested in this coin ?
Have you invested in cardano? It seems you have good knowledge in crypto currency? Do you daily study on those coins?
good coin
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if we break the up line we see the trend to be bullish
now a day news {FUD} are powerfull than analysis
good technical analysis brother.