ADA/USDT 1 DAY UPDATE
Hello, welcome to this ADA/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
Cardano (ADA)
Cardano suffered a massive breakdown this past week, losing almost 11% of its valuation in the past seven days. On Monday, the key support at $0.43 failed to hold the assault from bears, and ADA quickly tumbled lower. This led to four days of non-stop selling.
Buyers finally managed to stop the downtrend yesterday when ADA found support around $0.35. Considering the latest price action, the cryptocurrency is facing resistance at $0.40 and $0.43, and buyers appear weak. The trend remains firmly in favor of the bears, with the price making lower lows and lower highs.
ADA is the worst performer on our list this week, and the only hope for the bulls is if sellers become exhausted, which could provide this cryptocurrency with an opening to recover some of the losses next week. The indicators on the daily and lower timeframes appear oversold, which could turn out to be bullish.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Cardano (ADA)
Cardano suffered a massive breakdown this past week, losing almost 11% of its valuation in the past seven days. On Monday, the key support at $0.43 failed to hold the assault from bears, and ADA quickly tumbled lower. This led to four days of non-stop selling.
Buyers finally managed to stop the downtrend yesterday when ADA found support around $0.35. Considering the latest price action, the cryptocurrency is facing resistance at $0.40 and $0.43, and buyers appear weak. The trend remains firmly in favor of the bears, with the price making lower lows and lower highs.
ADA is the worst performer on our list this week, and the only hope for the bulls is if sellers become exhausted, which could provide this cryptocurrency with an opening to recover some of the losses next week. The indicators on the daily and lower timeframes appear oversold, which could turn out to be bullish.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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