Cardano (ADA) Price Analysis: More Downsides Likely Towards $1. Cardano price is trading in a negative zone below $1.
21 Jul 2021, 08:00
Cardano (ADA) Price Analysis: More Downsides Likely Towards $1
Cardano price is trading in a negative zone below $1.20 against the US Dollar, similar to bitcoin. ADA price could continue to move down towards the $1.00 support.
Cardano Price AnalysisIn the past few days, cardano price saw a lot of bearish moves below the $1.50 and $1.40 levels against the US Dollar. The ADA/USD pair even broke the $1.30 support zone and the 55 simple moving average (4-hours).
The recent decline gained pace below the $1.20 support zone. The bears seem to be in control and the price traded as low as $1.077. The current price action suggests high chances of more downsides below $1.08.