Cardano Price began a recovery wave from the USD 0.6420 zone. Ada is now in the face of resistance near $ 0.6850 and may fall again.

• Ada Price began a recovery wave from the USD 0.6420 zone.
• The price is trade below 0.680 USD and 100-hour straight movable average.
• There was a break over the Bear Trend Line with a resistance of USD 0.650 on the chart of the ADA/USD couple’s hourly pair (data source from Kraken).
• The couple can start another augment if they cleanse the $ 0.6850 resistance zone.

Cardano price is resistant

Over the past few days, Cardano has recorded a fresh decrease from USD 0.730, such as Bitcoin and Ethereum. Ada has fallen below the levels of 0.70 and 0.680 USD support.

The low was created at 0.6426 USD and the price increases again. There was traffic above USD 0.6550. The price has calculated the recovery level of 23.6% of the recent decrease from $ 0.7298 to a low level of USD 0.6426. In addition, there was a break over the connecting bear trend line with a resistance of USD 0.650 on the chart of the hourly pair of ADA/USD.

However, bears are vigorous near the resistance of 0.6850 USD and 50% of the level of withdrawal of FIBs of a recent decline from a height of USD 0.7298 to a low level of USD 0.6426. Cardano price is currently an item than USD 0.680 and a 100-hour straightforward movable average.

On the other hand, the price may encounter resistance near the USD 0.680 zone. The first resistance is almost 0.6850 USD. The next key resistance can be 0.7090 USD. If it is exceeded to the resistance of 0.7090 USD, the price may start a forceful rally. In the given case, the price may augment towards the region of USD 0.730. Extreme profits may require a transition in the direction of USD 0.750 in the near future.

Another drop in ADA?

If the Cardano price does not augment above the resistance level of USD 0.6850, it may start another decrease. Immediate support in the minus is close to USD 0.6630.

Another grave support is close to USD 0.6500. The inheritance break below USD 0.650 can open the door to the 0.6320 USD test. Another grave support is located near the USD 0.6175, 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 0.6630 and USD 0.6500.

Main resistance levels – USD 0.6850 and USD 0.7090.