ADA Coin ‌Evaluation: Cardano Coin Heading In the direction of Demand Zone, After Slight Retreat – Cryptocurrency Information – The Market Periodical

Advertisements
  • The Cardano coin experiences selling pressure from the higher side while testing the demand zone or the support zone on the lower side.
  • The price primarily trades key moving averages of 20, 50, 100 and 200 day lines, with 20 and 50 day lines providing short term support.
  • The ADA / BTC pair is trading at 0.00005456 BTC with an intraday loss of -4.84%, and the ADA / ETH ratio is CMP at 0.0008317 ETH with an intraday loss of -3.81%.

Trade view

the Cardano The coin on the monthly chart is showing some signs of weakness as the token faces rejection near the $ 3.00 mark. At the same time, the coin cannot break the $ 3.00 psychological hurdle and is facing a retreat from the higher side.

The ADA token is now moving down towards the support zone from where we can see a rebound in the upcoming trading sessions. Currently, the coin is mostly trading on major moving averages of 20, 50, 100 and 200 day lines. In comparison, the 20- and 50-day lines can be viewed as the primary support lines at the lower levels. Volume activity on the monthly chart is slightly increased but needs to grow further for a good reversal. Support on the lower side is now at $ 2.24 and $ 1.84. At the same time, the resistance on the higher side is around $ 3.00 and $ 3.12.

The Cardano coin projects a slightly bearish trend as the token faces minor rejection

Trade view

It’s on the weekly chart Cardano Coin projects a slightly bearish trend as the token is slightly rejected by the higher levels. The technical parameters also favor the bears in the short-term trading sessions. In addition, the price of the coin is lower and the volume on the weekly chart is lower, which needs to be improved. Currently the Cardano coin is trading at $ 2.63 with a 24 hour loss of -3.89% and the volume to market cap ratio is 0.08022.

Relative Strength Index (CAUTION): Cardano The coin RSI is indicating a cautious trend on the weekly chart but is now moving towards the lower zone. In contrast, the RSI is trading near the oversold zone after falling from the higher CMP levels at 48.

Moving average convergence divergence (CAUTION): This indicates caution on the daily chart with a negative crossover. The seller’s line (orange) overwhelms the buyer’s signal line (blue) without any clear momentum being discernible.

Support levels: $ 2.24 and $ 1.84

Resistance Levels: $ 3.00 and $ 3.12.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News Cardano

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News

Input Output Global (IOG) had earlier informed members of the Cardano ecosystem of the...

By wpadminsonic164
Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews Cardano

Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews

Source: Adobe Stock / TANATPON Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve...

By wpadminsonic164
Cardano Becomes Most Actively Developed Project in Crypto Industry – U.Today Cardano

Cardano Becomes Most Actively Developed Project in Crypto Industry – U.Today

Arman Shirinyan Despite fundamental growth and high development activity, Cardano fails to satisfy investors'...

By wpadminsonic164
Cryptographic forms of money Price Prediction: SafeMoon, ApeCoin and Cardano — Asian Wrap 1 July – FXStreet Cardano

Cryptographic forms of money Price Prediction: SafeMoon, ApeCoin and Cardano — Asian Wrap 1 July – FXStreet

Can the second half of 2022 be kind to SafeMoon price? SafeMoon price shows...

By wpadminsonic164
Cardano: Devil is in the subtleties as ADA goes crazy – AMBCrypto News Cardano

Cardano: Devil is in the subtleties as ADA goes crazy – AMBCrypto News

Cardano [ADA] went through one of its biggest developments in June after the Vasil...

By wpadminsonic164
Cardano Critic Makes U-Turn After Calling It “Ph.D. Memorial park,” Praises Incoming Upgrades – U.Today Cardano

Cardano Critic Makes U-Turn After Calling It “Ph.D. Memorial park,” Praises Incoming Upgrades – U.Today

Bill Barhydt, CEO of Abra, seems to be biting his tongue concerning the Cardano...

By wpadminsonic164
Virtuoso X Onboards Four (4) New Projects – Cardano Feed Cardano

Virtuoso X Onboards Four (4) New Projects – Cardano Feed

Genius Xa premium business accelerator program on Cardano, is pleased to announce the third...

By wpadminsonic164
Cardano SPO Column: Hedges Stake Pool [HEDGE] – Cardano Feed Cardano

Cardano SPO Column: Hedges Stake Pool [HEDGE] – Cardano Feed

This week's guest on the Cardano SPO Column is a stake pool operated by...

By wpadminsonic164

Latest Posts

Begin Your Crypto Investing Journey With 100x Potential Gems: Gnox (GNOX), Shiba Inu (SHIB), And Dogecoin (DOGE) – TechCabal Dogecoin

Begin Your Crypto Investing Journey With 100x Potential Gems: Gnox (GNOX), Shiba Inu (SHIB), And Dogecoin (DOGE) – TechCabal

Who doesn't want that 100X gem? It is one of the reasons most people...

By wpadminsonic164
Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News Cardano

Cardano testsnet effectively hard forked however here’s a place of concern – AMBCrypto News

Input Output Global (IOG) had earlier informed members of the Cardano ecosystem of the...

By wpadminsonic164
Why Market Crash ?🚨 Crypto News Today | Why Crypto Market Going Down Today Videos

Why Market Crash ?🚨 Crypto News Today | Why Crypto Market Going Down Today

Why Market Crash ? Crypto News Today | Why Crypto Market Going Down Today...

By wpadminsonic164
Emily Elizabeth Leaves Massive Chest Hanging In Tiny Polka Dot Bikini – The Blast Polkadot

Emily Elizabeth Leaves Massive Chest Hanging In Tiny Polka Dot Bikini – The Blast

Emily Elizabeth spills out of her bikini once again! The influencer recently delighted her...

By wpadminsonic164
Solid Altcoins to Look Into During the 2022 Bear Market – Neo (NEO), Kusama (KSM) and Mushe Token (XMU) – Cryptopolitan Stellar

Solid Altcoins to Look Into During the 2022 Bear Market – Neo (NEO), Kusama (KSM) and Mushe Token (XMU) – Cryptopolitan

Anyone that has been around the crypto industry long enough is no stranger to...

By wpadminsonic164
São Paulo court freezes records of Binance contact to Brazilian banks – The Brazilian Report Binance

São Paulo court freezes records of Binance contact to Brazilian banks – The Brazilian Report

Jul 04, 2022 16:06 2 min read The top state-level court in São Paulo...

By wpadminsonic164
Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews Cardano

Cardano Vasil Hard Fork is Now ‘Unavoidable’ after ‘Fruitful’ Testnet – Cryptonews

Source: Adobe Stock / TANATPON Cardano (ADA)'s long-awaited Vasil upgrade, which aims to improve...

By wpadminsonic164
Bitcoin'un çöküşü, kripto parayı yasallaştıran El Salvador'u nasıl etkileyecek? Videos

Bitcoin'un çöküşü, kripto parayı yasallaştıran El Salvador'u nasıl etkileyecek?

Son dönemde Bitcoin dahil birçok kripto para biriminde sıra dışı değer kaybı yaşanıyor. Kasım...

By wpadminsonic164