Cardano (ADA) has lost its bullish momentum, falling below the 50-day SMA support.
ADA price long-term forecast: bearish Technical IndicatorsKey Resistance Zones: $1.20, $1.30, and $1.40
Key Support Zones: $0.90, $0.80, and $0.70
ADA price indicators analysisThe price bars have fallen between the downward-sloping moving averages. The decline has been sluggish due to the formation of Doji candlesticks. On the 4-hour chart, the price bars are positioned below the horizontal moving average lines.
Now, the altcoin is approaching the current support level of $0.38. If this support is maintained, the price range will remain unchanged. If the altcoin breaks below the current support level, it will fall to a low of $0.33.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
