Cardano For Downtrend – Cardano is currently trading around $0.0403 after a bearish trend. ADA/USD dropped down from $0.0430 support to $0.3900 support level. The price then maintained strong support near $0.0400. The recent fall was due to the cryptocurrency correction where investors to scale the price of ADA to highs soon. Globalxchange.
Global exchange. From the above chart, the price is now stable near the $0.0400 support level. The main resistance is near the $0.0450, above which the price may bounce and the target will be $0.050. On the other hand, if the price fails to clear the $0.0450 resistance then the price will dip to $0.0390. Globalexchange. MACD for the pair is in the bearish zone and RSI is around the 50 level.
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