Cardano's (ADA) price has failed to recover above the moving average lines, with bullish momentum halted twice by the 21-day SMA and 50-day SMA barriers.
ADA price long-term forecast: ranging Technical IndicatorKey Resistance Zones: $1.20, $1.30, and $1.40
Key Support Zones: $0.90, $0.80, and $0.70
ADA indicator analysisFollowing its rejection at the 21-day SMA barrier, the price has remained below the moving average lines. The development of Doji candlesticks has kept the price movement range-bound. On the 4-hour chart, the price bars are below the horizontal moving average lines.
However, the cryptocurrency price has fluctuated both below and above the moving average lines, indicating a sideways trend.
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.
