Cardano price began a fresh drop below the zone 0.9250 USD. Ada now corrects losses and tries to remove 0.80 USD resistance.

• Ada Price began again a decrease from the USD 0.9250 zone.
• The price is trade below 0.850 USD and 100-hour straight movable average.
• There is a key line of the bear trend with a resistance of USD 0.8050 on the chart of the hourly pair of ADA/USD (data source from Kraken).
• The couple can start another decrease if they trade below the 0.7650 USD support zone.

Cardano price is resistant

After the fight to stay above USD 0.950, Cardano began a fresh drop, such as Bitcoin and Ethereum. Ada has fallen below the levels of 0.90 and 0.850 USD.

There was a clear traffic below the 0.60 USD support zone. The low was created at USD 0.5105, and the price has recently started a decent up move. The price calculated the resistance levels of 0.60 and 0.70 USD. Bulls pumped the price above 50% of the slimming level of FIB down movement from a height of USD 0.9828 to a low level of USD 0.5105.

However, bears are now vigorous near the $ 0.80 zone. There is also a key line of bears trend formed with a resistance of USD 0.8050 on the chart of the hourly pair of ADA/USD.

Cardano price is currently an item than 0.80 USD and 100-hour straight movable average. On the other hand, the price may encounter resistance near the 0.80 USD zone and the level of withdrawal in the amount of 61.8% FIB down from the swing height worth 0.9828 USD to a low level of USD 0.5105.

The first resistance is almost 0.820 USD. The next key resistance can be 0.850 USD. If it is exceeded to the resistance of 0.850 USD, the price may start a robust rally. In the given case, the price may augment towards the region of 0.9250 USD. Any profits may need to be moved in the direction of USD 1.00 in the near future.

Another decrease in Ada?

If the Cardano price does not augment above the level of resistance 0.80 USD, it may start another decrease. Immediate support in the minus is close to USD 0.7650.

Another sedate support is close to USD 0.7230. The inheritance break below USD 0.7230 can open the door to the $ 0.6880 test. Another sedate support is located near the USD 0.6250, where bulls may appear.

Technical indicators

MACD – MacD for ADA/USD loses her rush in a stubborn zone.

RSI hours (relative strength indicator) – RSI for ADA/USD is now above level 50.

Main support levels – USD 0.7650 and USD 0.7230.

Main resistance levels – USD 0.8000 and USD 0.8200.