Coin Gabbar Token

<a href="https://www.coingabbar.com/en/crypto-currency/cardano-ada-prices-usd" rel="noopener noreferrer nofollow">Cardano price analysis</a> continues bearish, with a possible drop to second support at $0.4000 on the daily chart.ADA has risen to $0.4650 in the last 24 hours, continuing its gradual uptrend and consolidating above $0.4500. However, bears remain in control of an oversold trend for Cardano, and the price is expected to stay stagnant around $0.4300-$0.4600. To sustain up to the breakout point at $0.5200, which will break the sideways trend, ADA bulls will need assistance from the larger cryptocurrency market.On the daily chart for Cardano price analysis, the price is struggling to recover from a 22% fall that started on August 17, and has been moving sideways since August 20, 2022. ADA price has been largely stuck within a narrow range of $0.43-$0.46 during this time, with bears dominating the market. Price has also remained below the 9 and 21-day moving averages, as well as the key 50-day exponential moving average (EMA) of $0.4765.ADA has level off a moderate rise to hit $0.47, although it remains below the daily stochastic’s 20 percent area. The 24-hour relative strength index (RSI) has risen over 40 in the last 24 hours, although it remains in a highly oversold situation. To support the price sideways trend, trading volume dropped 15.46 percent in the last 24 hours. Meanwhile, the bearish divergence is increasing the moving average convergence divergence (MACD) curve.KEY LEVELS :RESISTANCE LEVEL : $0.4800-$0.5000SUPPORT LEVEL : $0.4500-$0.4350Get more crypto related update:-<a href="https://www.coingabbar.com/en/crypto-news-english" rel="noopener noreferrer nofollow"> https://www.coingabbar.com/en/crypto-news-english</a>

Cryptocurrency price update: CARDANO PRICE ANALYSIS : Is it possible for bulls to break the bearish flag pattern and head towards $0.50

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