Cardano News Today – Cardano ADA Price Struggles Against The USD as the Bears Keep Pulling the Price Below Major Support Levels – April 21st, 2020
发布时间：2020-04-22 09:34:19 发布人：TokenString
Cardano News Today – Last week, the price of the Cardano ADA token was on a major bull run. It rose as high as $0.037 and we predicted that it would reach the $0.040 level if the bulls maintained the pressure in the market. Unfortunately, everything changed when the price of Bitcoin BTC started to fall, pulling down every other cryptocurrency on CoinMarketCap including the Cardano ADA token. The $0.037 Level was a double top and the token started to correct lower after it reached that level.
Cardano Price Prediction 2020 – Cardano ADA Corrects Downward Steadily After Testing $0.037 Level
This morning, the Cardano ADA token started draining a bearish candlestick that pulled the price of the token as low as $0.0349. There is a risk that the token will fall as low as $0.032 before the end of the week if the bulls are unable to resume their momentum in the market. If the bears continue, the price of the token will keep falling until it reaches a major low at the $0.0305. This is currently the lowest point near-term but it is holding strong. Anything that brings the price lower than this will be catastrophic for the Cardano ADA token.
Cardano (ADA) Price Today – ADA / USD
Name
Price
Cardano
$0.034
The technical analysis reveals that the token is below the 20-day Bollinger Band. The price of the Cardano ADA token has failed to maintain the support at the 50-day moving average but it is still holding the support at the 200-day moving average. For now, there is no indication that the Bollinger Band will widen anytime soon. If it does, the volatility of the token will increase in the coming days. The relative strength index is in the bearish territory at 41.97 and it may move as low as the 30 level if care is not taken.
At the time of writing the price of the Cardano ADA token was $0.0344. It is down by 5.19% against the USD and down by 1.05% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $96,300,639 and the market capitalization is $893,099,821. The current momentum reflects a subtle uptrend and more dips may lead the price to the cross this subtle uptrend soon. One sure way for the price of the Cardano ADA token to recover is for Bitcoin BTC to recover. If the price of Bitcoin BTC starts moving higher, it would ignite a cryptocurrency market-wide bull run and the price of the Cardano ADA token will follow suit.
Cardano News Today – Last week, the price of the Cardano ADA token was on a major bull run. It rose as high as $0.037 and we predicted that it would reach the $0.040 level if the bulls maintained the pressure in the market. Unfortunately, everything changed when the price of Bitcoin BTC started to fall, pulling down every other cryptocurrency on CoinMarketCap including the Cardano ADA token. The $0.037 Level was a double top and the token started to correct lower after it reached that level.
Cardano Price Prediction 2020 – Cardano ADA Corrects Downward Steadily After Testing $0.037 Level
This morning, the Cardano ADA token started draining a bearish candlestick that pulled the price of the token as low as $0.0349. There is a risk that the token will fall as low as $0.032 before the end of the week if the bulls are unable to resume their momentum in the market. If the bears continue, the price of the token will keep falling until it reaches a major low at the $0.0305. This is currently the lowest point near-term but it is holding strong. Anything that brings the price lower than this will be catastrophic for the Cardano ADA token.
Cardano (ADA) Price Today – ADA / USD
| Name | Price |
|---|---|
|
|
$0.034 |
The technical analysis reveals that the token is below the 20-day Bollinger Band. The price of the Cardano ADA token has failed to maintain the support at the 50-day moving average but it is still holding the support at the 200-day moving average. For now, there is no indication that the Bollinger Band will widen anytime soon. If it does, the volatility of the token will increase in the coming days. The relative strength index is in the bearish territory at 41.97 and it may move as low as the 30 level if care is not taken.
At the time of writing the price of the Cardano ADA token was $0.0344. It is down by 5.19% against the USD and down by 1.05% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $96,300,639 and the market capitalization is $893,099,821. The current momentum reflects a subtle uptrend and more dips may lead the price to the cross this subtle uptrend soon. One sure way for the price of the Cardano ADA token to recover is for Bitcoin BTC to recover. If the price of Bitcoin BTC starts moving higher, it would ignite a cryptocurrency market-wide bull run and the price of the Cardano ADA token will follow suit.
