CARDANO PRICE ANALYSIS |
CARDANO PRICE ANALYSIS: ADA IS FACING A DOWNTREND, BUT THESE SIGNS ARE ENCOURAGING IN THE MEDIUM TERM The OBV indicator also falls below the downtrend line. When evaluating these bearish signals, a breakdown above the red zone (static resistance) is the first condition for a return to a bullish trend. The current key support/resistance levels are shown in the chart below. Key support levels: 0.73 USD and 0.45 USD Key Resistance levels: $1 and $1.2 DAILY CHART (BTC PAIR) In general, according to recent interviews with the founder of the project and fundamental news, such as the increase in TVL, the growth of long-term holders, the cost of staking and smart contracts on Cardano, positive price movements are possible in the medium and long term. The general sentiment towards cryptocurrencies may cause additional ADA volatility in the short term. Go back |
13-03-2022, 11:38 |