Cardano Price Struggles Below $0.40: Bears In Control

Alisha Deo

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Dolor, alias aspernatur quam voluptates sint, dolore doloribus voluptas labore temporibus earum eveniet, reiciendis.

Contact Info

Telephone Number



Mail Address

Office Address

Burnsville, MN 55337 Streat,

United States


Deine Website hat keine schlagwörter, also gibt es hier im Moment nichts zu sehen.

• Cardano (ADA) price is bearish below $0.40 against the US Dollar.
• ADA is struggling to stay above the $0.380 and $0.375 support levels.
• The price could start a fresh increase if it clears the $0.375 and $0.38 resistance levels.

Cardano (ADA) Price Analysis

Cardano price is showing bearish signs below the $0.40 support zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.375 on the 4-hour chart (data feed via Coinbase).

Resistance Levels

On the upside, immediate resistance is near the $0.375 zone, the trend line, and the 50% Fib retracement level of the recent drop from the $0.3971 swing high to the $0.3539 low. The first major resistance is near the $0.380 level close to 61.8% Fib retracement level of recent drop from high of 03971 to low of 03539 . A clear upside break above this point may send price towards 40 dollar mark as next major target .

Support Levels

On downside , immediate support comes at 355$ zone , then 332$ being major one followed by 320$. Any more losses might call for test of 300$ mark as last resort .

Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) for ADA/USD suggests that MACD gaining pace in bearish zone .

Relative Strength Index (RSI)

The Relative Strength Index for ADA/USD indicates that RSI has dropped below 50 indicating further bearish pressure in coming days .