ADA Price Falls 8% as Bearish Momentum Builds
The price of Cardano (ADA) has fallen by 8 % in the past 24 hours, and its market value has reached about $ 32 billion. In the past 7 days, ADA has dropped by more than 13 %, which shows that the pressure of the drop has been increasing.
The recent death cross and rising ADX confirmed the strengthening of the decline. The price suspended between $ 0.87, and the resistance was $ 0.95. If the decline continues, the Ada risk has further declined, but the recovery rate is higher than $ 0.95, which may cause tests with a level of more than 1.03 US dollars.
ADA decline trend becomes stronger and stronger
Cadano ADX rose sharply to 23.2 of 10.5 yesterday, indicating that the market has changed from an almost no trend to a clearer trend.
The intensity of the ADX or average directional index measured at a scale of 0 to 100, and its value is lower than 20, indicating that the trend is weak or not higher than 25 trends and values. and Aida Adx is now close to 25, and the market shows signs of increasing power.
This transformation of ADA ADX shows that as the seller seems to have obtained control, the price has shifted to decline. The 10.5 jumped to 23.2 in a day reflects the major changes in the market and may increase the pressure of decline. If this trend continues ADA price Due to the increase in the growth of sales, it may face further shortcomings.
Cardano iChimoku Cloud shows the setting of the loser
Aida The iChimoku Cloud Chart showed the setting settings, and the price transaction was significantly lower than the cloud. This shows that in the absence of the trend leadership, strong downward power.
Before the current price, the Senkou span is lower than the Senkou SPAN B) indicating that it continues to resist resistance in the short term, thereby enhancing the possibility of further defects.
In addition, Tenkan-Sen (blue line) and Kijun-Sen (orange line) have leaned downwards. This is a drop signal that confirms the strength of the current trend.
Property recommendations below two lines ADA price The seller is still in control. If you still exist, ADA may face more declines. However, recycling Kijun-Sen may marked the beginning of the potential reversal.
ADA price forecast: Can Cardano restore a level higher than $ 1 in January?
Cardano price At present, after the formation of the Cross of Death yesterday, the resistance is between $ 0.95 and supports $ 0.87. If the decline continues and violates 0.87 US dollars, ADA can use $ 0.829 as the next 0.829 test of its next support level.
Losing this level may open the door for further shortcomings, and may drop to $ 0.76, which is 14.6 % from the current level.
Either, if ADA price After restoring the bullish momentum that I saw two weeks ago, it may re -test the resistance of $ 0.95. The break that exceeds this level may pave the way for the transfer of $ 1.03, with an additional target of $ 1.11 and 1.16.
Exempt statement
and Trust project Guide, this price analysis article is only used for information purposes and should not be regarded as financial or investment proposals. Beincrypto is committed to accurate and fair reports, but market conditions may change without notice. Before making any financial decisions, be sure to conduct your own research and consult professionals. Please note, our terms and Conditions,,,,,, Privacyand Exempt statement Updated.
