Skip to main content

Cardano price continues downtrend

 


The Cardano course was initially able to bounce off strongly and recorded a price gain of 50%. However, it is now continuing its downward movement.


Will Cardano bounce again?

After the Cardano price was initially able to bounce off the support at around USD 0.4 by around 50%, the Cardano price is now moving further down again. Two Fibonacci supports at USD 0.53 and USD 0.49 are still waiting for the Cardano course before it will return to the USD 0.4 mark. However, if Cardano breaks through these supports, it could go down a notch.


However, the MACD is currently bullish in the daily chart, because the histogram has been ticking bullishly higher for a few days and the MACD lines are also about to cross over bullishly.


Will the Cardano rate fall to $0.088 – $0.14?

If Cardano bearishly breaks through the support at around USD 0.4, there will only be significant support for the ADA price between USD 0.088 and USD 0.14. In the weekly chart, the MACD is also clearly bearish, because the histogram is ticking bearishly lower and the MACD lines remain bearishly crossed. In addition, the RSI does not show any signs of bullish divergence either, instead it will soon reach oversold regions.


What has to happen for the Cardano course to become bullish again?

For Cardano to break the bear trend and turn bullish again, it needs to clear the Fibonacci resistances around $1.4 and $2. Before that, however, significant Fib resistances are already waiting for the Cardano course at around USD 0.74 and USD 0.94. In addition, the monthly RSI does not give any bullish signs and the histogram of the MACDs is also ticking bearishly lower.


Against BTC, the ADA price is at support


The indicators in the monthly chart are also clearly bearish against BTC. Nevertheless, the ADA course is currently at a support level between 0.0000161 and 0.0000193 BTC. If ADA stays above this support, it could target Fib resistances at 0.000033 BTC and 0.000045 BTC. Otherwise, Cardano will only be supported again between 0.0000096 – 0.000012 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action that the reader takes based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more