The ADA award was recently restored, but it failed to stay over $ 0.5000 against US dollars (tethered).
There is a new big down channel, which rises at $ 0.44140 on the timetable over ADA / USD (data feed via Bittrex).
The couple currently has a large support area near the $ 0.3400-0.3500 levels.
The Cardano Prize is fighting to get upward momentum against US dollars and bitcoins. ADA / USD must move over $ 0.4200 to achieve traction.
Cardano Price Resistance
There was a decent rejection in the ADA award from the $ 0.2900 level against the US dollar. The price is handled over 0.3000 and 0.4000 resistance levels. It even handled over $ 0.5000, but failed to stay above $ 0.5000. ADA made a short-term peak of $ 0.5185 and started a downside movement. It broke $ 0.4000 support for trading near the $ 0.3500 support area.
A low was formed at $ 0.3505 and it seems that the price seems to act higher. It tests 23.6% Fib retracement level of the last drop from $ 0.5185 high to $ 0.3505 low. More importantly, there is a new major declining channel that is opposed to $ 0.44140 on the ADA / USD timetable. The pair must break the channel resistor at $ 0.4140-0.4200 to get upward momentum.
Bough in at .50 😑
Literally the story of my week:
Another day another dip :( Uuuuoooff
thanks for information on crypto world 😊
My pleasure!
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I am very excited about Cardano and have been following it for a little while now. The tech is solid and if they are able to complete their roadmap they will be set to be one of the new standards in moving money securely and fast. The idea of smart contracts is one that is very attractive to me. Allowing peer to peer interactions that are able to function more freely and effectively without the cost or red tape of the middle man is a huge advantage for all involved. At the current price I think it would be a great time to get in. I can see this coin easily moving back to its all time high and even more over the next year.
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