Can ADA retain power against the sellers' pressure? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
On the hourly chart, Cardano is more bearish than bullish as the price has come back to the support level of $0.3726. If a breakout occurs, the accumulated energy might be enough for a fall to $0.3650.
On the daily chart, the price keeps trading sideways as none of the sides has accumulated the power to seize the initiative.However, if the decline continues to $0.37, traders can expect the decline to the $0.36 area within the next few days. The situation is more positive on the daily chart against Bitcoin . The rate is located closer to the resistance than to the support but it is too early to think about a breakout as the rate has not reached the resistance at 0.00001676 yet. If that happens, the growth could lead to the 0.00001750 mark.
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