Cardano

The price of Cardano (ADA) is in a downward correction, but consolidating in a narrow range between $0.44 and $0.55 price levels. The upward movement was limited by the 21-day line SMA. On June 26, the cryptocurrency was bumped off the 21-day line SMA as the altcoin resumed its downward movement.

The price of Cardano (ADA) is in a downward correction as it fluctuates above $0.44 support. Since the price collapse on May 12, the downtrend has eased as the altcoin resumed a sideways movement. The cryptocurrency fluctuates between $0.44 and $0.70 price levels. Today, the price movement was restricted by the 21-day line SMA.

The price of Cardano (ADA) has resumed selling pressure after failing to break above the 50-day line SMA. In the previous price action, Cardano was in a sideways movement between the moving averages. Today, the price of ADA fell to the current support at $0.44. If the bears break it, the price of ADA will fall to the low of $0.35.

The price of Cardano (ADA) has made impressive moves as the altcoin breaks out above the 21-day line SMA and retests the 50-day line SMA. Buyers are on the verge of breaking above the 50-day indicator.

The price of Cardano (ADA) is performing positively as the price rises above the 21-day moving average line. Buyers pushed the altcoin to a high of $0.68 and then retreated. The recent rally reached an overbought area of the market.

The price of Cardano (ADA) is in a sideways trend after the bulls bought the dips on May 12. Last week, the downtrend eased after it fell to the low of $0.40. On May 12, ADA dipped into oversold territory in the market. This attracted buyers who emerged from the oversold area and pushed prices up to previous highs.

Since May 12, the price of Cardano (ADA) has been trading above the price level of $0.40. After the last downward impulse on May 12, the downtrend has weakened as the bulls bought the dips. Moreover, the cryptocurrency fell into the oversold zone of the market. The upward correction was stopped when the price reached the high of $0.59.

The price of Cardano (ADA) has fallen to a low of $0.59 and has resumed consolidation above current support. Last week, the cryptocurrency fluctuated above the $0.59 support.

The price of Cardano (ADA) is in a downtrend as the cryptocurrency has dropped to the low of $0.73. The bulls have bought the dips. The bears have undercut the previous low at $0.78.