1.ADA price Struggled to moveing above the $0.1400 Resistance Level and declined against the US Dollar.
2.*There are 2 key Bearish trend lines formed with resistance at $0.1300 and $0.1350 on the hourly chart of the ADA/USD pair (Data feed via Bittrex).
3.Cardano Price(rates) struggled to Hold gains against the US Dollar and Bitcoin. ADA/USD is now in a bearish trend with supports at $0.1200 and $0.1100..
Cardano Price Analysis with Chart
There was no Upside brek above $0.1500 in ADA Price against the US Dollar. The ADA/USD pair even failed to settle above the $0.1400 resistance level. As a result, there was a downside reaction and the price declined below the $0.1300 support area. It is now trading well below the $0.1400 pivot level and the 100 hourly simple moving average.
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